How Much Will Long-Term Care Insurance Cost?
Long-Term Care Insurance Premiums Oceanside CA
One of the most common questions people have when looking into certain types of insurance is determining cost. It’s not easy to determine just how much various types of insurance will cost, including long-term care insurance.
What is long-term care insurance?
Before talking about cost, it’s a good idea to have a strong grasp on what long-term care insurance is all about. If a person is involved in an accident and sustained serious injuries, it’s going to take several weeks, months, or possibly even years before they fully recover. During the earliest weeks and months following a hospitalization, they will likely require a great deal of support and assistance daily.
That is essentially what care is all about. However, it’s not just for those involved in accidents, but disabled adults and the elderly as they get older as well.
As we move through our 30s, 40s, and 50s, we are often admonished to think about retirement, saving for retirement, and having a solid plan in place for our future. If we don’t have a good plan in place, we will have to work longer, struggle, and may even have difficulty maintaining a good quality of life.
It’s one of the reasons why so many people make investments for their future. They want to be able to retire and enjoy life as much as possible.
What few people actually think about, though, is the prospect of long-term care. As people get older, they lose more and more muscle mass. Each year they get weaker. As they get weaker, it affects their balance and ability to take care of themselves in a safe and healthy manner. At some point in time, most people, if they live long enough, will require the assistance of another individual.
If this assistance is required daily or every other day, the senior suffers a medical emergency, such as a heart attack or stroke, or is involved in some type of slip and fall accident and is injured as a result, long-term care will more likely be necessary.
Paying for long-term care can be costly, which is where long-term care insurance comes into play.
Now, as for the cost, just as it is with other types of insurance, it’s impossible to nail down an exact figure that will be the same for every single individual. In other words, the only way to determine long-term care insurance premiums is to speak to an experienced agent because factors such as age, health, and more will all play a factor in the cost of long-term care insurance.
If you or a loved-one are considering Long-Term Care Insurance Premiums in Oceanside CA, please contact Steve Elliott at Capstone Insurance for an honest discussion about your future and your options. Call today (858) 350-3161.
I work with all the major insurance companies and my objective is to help my clients determine if long term care protection makes sense for them and if so, to help them shop the market to find the best company at the best rate
I specialize in Traditional Long Term Care Insurance as well as Hybrid Long Term Care Plans which are either a combination of Life Insurance and Long Term Care or an Annuity Plan with Long Term Care
I’ve been specializing exclusively in Long-Term Care Insurance Planning for over 21 years.
Steve was recognized as a 2003 Long Term Care Expert of the Year at The National Long Term Care Producers Summit
2006 was awarded Senior Market Advisor of the Year Finalist by Senior Market Advisor Magazine
National Speaker for Numerous Industry Meetings
Awarded Nations Top 10 Agent 8 times by the American Association of Long Term Care Insurance
Author of numerous published articles on long term care planning
- How Much Wil Long-Term Care Insurance Cost? - October 29, 2024
- Is It Too Late To Get Long-Term Care Insurance For My Parent? - October 24, 2024
- How Much Does Long-Term Care Insurance Cost? - October 14, 2024