Checklist: Long-Term Care Insurance Policy
For many people, long-term care insurance should be a serious consideration when planning for retirement. According to research by the Insured Retirement Institute (IRI), 63 percent of Baby Boomers lack full confidence that they will have enough money to cover their medical expenses during retirement. Such lack of confidence can be expected if you do not currently have a plan to help you cover long-term care costs, especially considering the latest statistics. A healthy 65-year-old man can expect cumulative health care expenses, including premiums, to top $369,000 through the remainder of his lifetime. The corresponding figure for women is at least $417,000.
The American Council of Life Insurers created the “Long-Term Care Insurance Policy Checklist” to assist consumers considering long-term care insurance make informed purchases. The Checklist will help you compare policies and determine what is best for your needs.
To download a copy of the Checklist, click below.
Long-Term Care Insurance Policy