I met recently with a retiree from a large company. He has good investment account from 401k and he took lump sum pension setlement from his company. Good idea.
He is healthy, happily retired and in his mid-50's. What could he possibly want?
More security.
He came to see me regarding long term care insurance. Why?
Here some stats:
1 in 300 chance to have house fire that burns down the buildling
1 in 30 chance you total your car
1 in 2 chance if you live to 80 that you will spend some time in a nursing home.
Yet, where do we spend most of premium dollars?
The annual cost of a semi-private bed in a New Orleans area nursing home- $45,000 now...in 15 years $103,000!
Got that kind of cash laying around?
How long will the average woman alive today in the US live?
Studies say if a woman reaches age 50 cancer free and heart disease free she will likely see her 92nd birthday. (She may not remember her last 10 years, but will make it to 92!)
What a tragedy to become long on life and short on money!
LTC insurance can leverage current pennies to produce future dollars when they are needed most.
See an agent or shoot me an email for some ideas. lee@balinas.net
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