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- The cost of long-term care insurance explained
Long-term care plans can play a vital role in protecting your retirement fund. Find out what factors affect the cost of long-term care insurance in this guide
Americans have a nearly 70% chance of needing long-term care support and services after turning 65, the latest estimates from the Administration for Community Living (ACL) reveal. These services, however, don’t come cheap. And without proper coverage, such expenses can easily eat into your retirement savings.
This is where long-term care insurance comes in handy. This type of policy covers the cost of medical and non-medical services for seniors who have lost the ability to care for themselves. But how much do you expect to pay for this form of coverage?
This is exactly what Insurance Business will answer in this guide. We will look at the latest industry figures to give you an idea of the different pricing ranges. We will also give you a walkthrough of the factors affecting the cost of long-term care insurance.
If you’re planning for your own care or helping an older loved one secure suitable coverage, you’ve come to the right place. This article can help you gain a deeper understanding of the different costs associated with long-term care insurance.
The tables below sum up the cost of long-term care insurance policies worth $165,000 based on age, gender, and marital