You should purchase long term care for your retirement years. The statistics are significant that you’ll experience a need for assisted living or perhaps nursing home confinement. The average married couple spends $250,000 on medical and extended care during their retirement years. Securing long term care is important, especially when you’re healthy and heading into your late fifties, early sixties.
Most married couples who purchase long term care in their early 60s are opting to purchase the maximum benefit with at least a 3% inflation rider. The total benefits generally run $7,000 a calendar month with max benefits of around $400,000 to $420,000 for two 60 year old non-smokers on a joint policy.
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Most married couples who purchase long term care in their early 60s are opting to purchase the maximum benefit with at least a 3% inflation rider. The total benefits generally run $7,000 a calendar month with max benefits of around $400,000 to $420,000 for two 60 year old non-smokers on a joint policy.