1. 0 POINTS
    David RacichPRO
    Fountain Hills, Arizona
    Long term care insurance (LTCi) is part of retirement planning. The total medical cost during retirement is $250,000. Some of that expense could be LTCi assisted living or nursing home care. If you have discretionary dollars, it is recommended to purchase an LTCi policy to the maximum allowable benefits before age 65. A nonsmoking male and female in good health purchasing a combined LTC policy will pay around $300 a month.
     

    Answered on June 7, 2013
  2. 1305 POINTS
    Neil Steinman
    Owner, Orange County Health & Life Insurance,
    Like most insurance, it's hard to know how much is the right amount, since we don't know what your future holds.  However, there are lots of statistics you can go by. Many of the stats, along with the average amount of coverage that many people buy, point to a "pool of money" somewhere in the $200,000 range. There are lots of ways to "tweak" a Long Term Care policy, so many questions will get answered when you're actually working with your agent to build your policy.
    Answered on June 7, 2013
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