LTCI Cost of Waiting  

What is the cost of waiting to buy long-term care insurance?

There is a time-honored phrase related to long-term care insurance and it goes like this: "Your money pays for long-term care insurance, but your health buys it."

As one ages, the risk of not being able to qualify for long-term care insurance may increase due to deteriorating health.

In addition to the risks of health problems as we age, the dollar cost of long-term care insurance rises dramatically because the insurer has less time to accumulate sufficient reserves to cover its part of the risk.

     

What is your current age?

What is the annual premium for a long-term-care policy at your current age? (If you do not know the premium, see your insurance professional for a complimentary quote.)

$

If you delay purchasing long-term care coverage now, at what age might you buy it in the future?

At what age do you anticipate requiring long-term care benefits?

 
   
   
Investment Center located at Home State Bank
300 E 29th Street • Loveland, CO • 80538
Phone: (970) 622-2366 • Fax: (970) 622-2395
• kevin.dunnigan@investmentcenters.com natalie.shamley@investmentcenters.com

 

 

*Testimonials may not be representative of the experience of other clients and are no guarantee of future performance or success.

 

 

CFP®, CERTIFIED FINANCIAL PLANNER™ Professional and are certification marks owned by the Certified Financial Planner Board of Standards, Inc.

Investment Centers of America, Inc. (ICA), member FINRA, SIPC, is not affiliated with Home State Bank.  Securities and insurance products offered through ICA and affiliated insurance agencies are *not insured by the FDIC or any other Federal Government agency, *not a deposit or other obligation of, or guaranteed by any bank or its affiliates, *subject to risks including the possible loss of principal amount invested.


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