Long term Care Insurance (LTCi) Could Liberate You

Recent research on how much money retirees spend (Expenditure Patterns of Older Americans, 2001 – 2009 Issue Brief, February 2012, No. 368: 1100 13th Street, NW Suite 878 Washington, DC 20005-4051). uncovered still another advantage of owning LTCi.  Careful tracking of the actual spending of 5,000 older households from 2001 to 2009 showed that median household spending declines steadily as elders age.

Further analysis showed that retirees who owned LTCi spent considerably more than retirees without this insurance. Researchers ruled out the explanation that those who owned LTCi were actually wealthier than their counterparts.  When compared with elders with the same levels of wealth and income, those with LTCi spent more.  Why? Those without LTCi are more cautious and frugal to save funds they will need to cover the exorbitant costs of long-term care. As we know, such costs include about 70% of Americans over 65.

The lesson?  Reduce financial stress and live more comfortably in your final years by investing in LTCi TODAY.  This very important decision will give you financial peace of mind – in addition to removing the likely burden of your loved ones having to become your caregivers.