What is...

... Long Term Care?



Most of us equate nursing homes with long term care. Thats part of the story, but it goes much further.

Long term care may be required for a young person recovering from an automobile accident or for someone recovering at home from a debilitating disease.

The average cost for nursing home care exceeds $5,000 per month, assisted living is about $3,300 per month, and in-home nursing care is $20.27 per hour (over $4,000 per month for an eight-hour shift). All of these are long term care.

Long term care insurance can help but many people worry that the premiums will prevent them from paying for other expenses or leaving an inheritance.

Like most other insurance, long term care insurance costs less for younger people. However, there are other avenues that can be explored if you no longer consider yourself to be young.

If Long term care is a financial concern for you, let us know. We can help you review the various options in light of your other financial responsibilities. Our contact information is to the right or you can click on "Contact Us" above. We can also help you with your other insurance, investment, and financial questions.

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These views are not to be construed as investment advice. All information is believed to be from reliable sources; however we make no representation as to its completeness or accuracy. Any economic and performance data is historical and not indicative of future results. Any market indices discussed are unmanaged. Investors cannot invest in unmanaged indices. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. Please consult Harold Templeton, CFP for further information (click on "Contact us" above).