College Planning
When it comes to investments our biggest is usually our home. For most the second largest...
Life Insurance
Life insurance is one of the key cornerstones in any financial plan. Funding peace of mind for you...
Your Business
There are some simple and effective strategies to protect your business and...
$ Your Money $
You may have an important decision to make. What to do with your money...Long-Term Care Insurance
WILL I NEED LONG-TERM CARE?
Your personal risk of needing long-term care depends on many factors. Some of those are how long you may live, your health history and whether you have a spouse or family members who can provide some of the care you may need. If you feel you have a greater risk, you may want to consider applying for coverage while you are still able to qualify.
HOW MUCH DOES LONG-TERM CARE COST?
The cost of care in the future will be much higher than it is today. California nursing home rates increased at an average rate of over 5% per year during the past twenty years and are likely in the future to continue to increase by at least 5% per year. A 5% annual increase means a year of care that costs $50,000 today will cost twice that amount in 14 years, or $100,000 a year!
Source: Issuers Bulletin for 2002, California Partnership for Long-Term Care, based on data from the California Office of Statewide Health Planning and Development.
Want the full Story? Read the Consumer Rate Guide for long-term care insurance.
Useful Link: California Department of Insurance - CONSUMERS: LONG-TERM CARE INSURANCE
Contact our office to start this important conversation about planning for Long-Term Care today.
CA Insurance License #0B95804 - Life, Health, Variable Contracts. Securities offered through American Independent Securities Group, LLC. Member FINRA/SIPC. 1036 E Iron Eagle Dr, Suite 105, Eagle, ID 83616 (866) 485-4635. Fredriksen Financial & Insurance Services is not affiliated with American Independent Securities Group, LLC.