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Written on 17.36 by Admin
New insurance industry product that provides long term care insurance coverage requires no policy, premiums or health qualifications. Nd there is no Age Limitation
Why Seniors Don’t Buy Long Term Care
1. In my experience, over half the people who shun long term care insurance do so because they feel they will never need it. It is difficult to visualize going to a nursing home. Statistically, half of these people will be right.
However, there are a number of scenarios where the person may need some kind of assistance but never see the front door of a nursing home. In fact, most people who need long term care can receive care without ever leaving their home.
When you stop and think about it, the decision not to buy long term care insurance is a decision to self insure. This can be costly and possibly devastating.
The average cost of a nursing home today is $80,000 per year and rising.A normal man cant Afford Sch a huge money towards nursing. At that rate, it doesn’t take but a few years to grind through a modest estate. If both the husband and wife need nursing home care,
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