Long Term Care Insurance 1.0
Dino C. Gavanes, CIC
Village Trustee at Village of Itasca, Illinois: Financial Advisor with Equitable Advisors
Long Term Care Insurance - Preserve Your Assets in Retirement
The statistics are undeniable. Whether you look at Mutual of Omaha, Mass Mutual, or any of the other 10 or so companies that offer long term care insurance, they all advise you to develop a plan.
A plan to protect your retirement assets starts with asking yourself some basic questions. What is the likelihood of needing extended care? Where is long term care provided? Who will take care of me? What does long term care cost? How will I pay for it?
The National Annual Median Cost for a Private Room in a Nursing Home is $100,375; according to Cost of Care Survey, Genworth, 2018. A stay of 2 - 3 years would wipe out most families' assets.
Ask yourself the questions, then call Dino Gavanes at 630-779-0566 or respond through LinkedIn