Marketing Services & Risk Matrix Consulting

Archive for the ‘care policy’ Category

Few people today ever consider buying insurance for future events. While it’s hard to convince website visitors to purchase insurance coverage to manage or their loved ones after their death, convincing people to purchase a long-term care policy is even more difficult. However, if you point out the benefits they can receive having a long-term care (LTC) insurance coverage, it will not be as difficult to convince them of the important need because you can think.

Benefit #1: Personal Savings is No Longer Enough
At one time as soon as your personal life savings may have been enough to pay for your long-term care, or otherwise for awhile. However with the expense of healthcare increasing at two times the speed of inflation, your retirement savings has stopped being enough to cover your care if you ever become unable to manage yourself. Just residing in an assisted living facility for the year can cost at least $30,000. That’s more than a year’s salary for many individuals! Surviving in a an elderly care facility costs even more than that.