Long Term Care Insurance

Long Term Care Insurance protects your IRA, 401k, and any other retirement vehicles you have. With annual cost for services averaging over $76,000 in the Bay Area, long term care services will deplete savings, assets, and inheritances.

The purpose of Long Term Care Insurance is to:

1. Keep you in your home: Policies today are designed to have up to 100% of services covered while you maintain a life in your personal home.
2. Compound the benefit annually: By securing a policy today, your Long Term Care Insurance benefit will grow by 5% annually to keep up with the rising costs of services while your premium remains level.
3. Protect your assets: Without Long Term Care Insurance, you may have to spend down your assets to $2,000 in order to qualify for Medical. With the insurance, you have asset protection up to the total benefit amount so you do not have to spend down to $2,000. Call us for more information!

Statistics for you:*

1. The average Long Term Care claim is 2.9 years. With the average cost of services currently estimated at $220/day, that’s just over $232,000 of services rendered!
2. 10,000 people will be turning 65 every day for 8 years straight beginning in 2011. More people needing Long Term Care service will increase the cost so lock in your Long Term Care Insurance rates today.

Fun Facts:

1. Long Term Care Insurance offers spousal discounts for up to 25-35% if you qualify
2. Business Owners may have taxable advantages to purchasing Long Term Care Insurance, especially if you are a C-Corp.
3. Medicare only pays for the first 20 days of services and that’s only if you are showing signs of improvement! If you have a chronic condition, you are responsible for the cost.
4. Long Term Care Insurance is not just for the elderly, over 25% of claims are filed by people under the age of 65.

Please call us for your free Long Term Care Insurance review today. Premiums are drastically under priced so take advantage of your age and health by calling EVCO today!