Long Term Care Insurance

Long-term care insurance is an asset that you want to give serious consideration to purchasing. The odds are pretty high that you will be a caregiver or that you will need long-term health care.

Consider that approximately 44.4 million Americans, or 21 percent of the adult population, act as caregivers; an estimated 17 percent, or 18.5 million, households in the U.S. contain at least one caregiver that looks after someone age 50 or older; of all caregivers, 83 percent are related to their care recipients; the majority, 61 percent, of caregivers is female, and at least 20 hours per week is spent providing care; the average age of all care recipients older than 50 is 75; more than half of care recipients – 55 percent -- live in their own homes; and more than nine out of 10 care recipients age 50 or older take prescription medication.

Long-term care costs that are not covered under government related or private insurance policies can drain financial resources at a rapid rate. To ensure you are going to receive quality care in your later years and will be able to leave your heirs some assets, call Provider as soon as possible to find out about long-term care insurance.