Long Term Care
Would you drive your car or own your home and not have auto or home insurance?
What is the chance you will have an auto accident?
About 1 in 52. That’s about a 2% chance or 0.02.1
What is the chance your home will experience a fire?
About 1 in 335. That’s about 1/3 of one percent or 0.003.2
What is the chance you will need long term care?
About 1 in 1.4. That's about 70%.3
If you ever thought seriously about quitting your job and retiring one day, you probably also thought about your health and your medical coverage needs when you are older.
A significant threat to any comfortable retirement income can be a long term care event.
If you plan on retiring and you consider the probability of a long term care event, would it not be smarter to plan and prepare?
Have questions? Call 650-458-0312 today!
1. Ahrens, Marty. National Fire Protection Association. “Home Structure Fires” Sept 2015. 2. U.S. Department of Transportation National Highway Traffic Safety Administration. “Quick Facts 2014”. March 2016. 3. U.S. Department of Health and Human Services. 2016 June 2014. “Who needs Care?” https://longtermcare.acl.gov/the-basics/who-needs-care.html