LTCI Cost of Waiting  

What is the cost of waiting to buy long-term care insurance?

There is a time-honored phrase related to long-term care insurance and it goes like this: "Your money pays for long-term care insurance, but your health buys it."

As one ages, the risk of not being able to qualify for long-term care insurance may increase due to deteriorating health.

In addition to the risks of health problems as we age, the dollar cost of long-term care insurance rises dramatically because the insurer has less time to accumulate sufficient reserves to cover its part of the risk.

     

What is your current age?

What is the annual premium for a long-term-care policy at your current age? (If you do not know the premium, see your insurance professional for a complimentary quote.)

$

If you delay purchasing long-term care coverage now, at what age might you buy it in the future?

At what age do you anticipate requiring long-term care benefits?

 
   
   
StoneBridge Financial Consultants
1001 Hingham Street, Suite 100 • Rockland , MA • 02370
Phone: 781-871-9923 • Fax: 781-871-9968
www.stonebridgefc.com • dheitzman@stonebridgefc.com

Securities and Advisory Services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser.

This information is only intended for securities related purposes by individuals residing in the following states: MA, NC and FL.  Securities related services may not be provided to individuals accessing this information from any state not listed above.