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Long Term Care

What are the Odds?

What are the odds for Long-Term Care?

Auto accidents happen at a rate of about 1 in 52, translating to a roughly 2% chance.1

House fires are about 1 in 335, or approximately 0.3%.2

Long-Term Care needs? They stand at about 1 in 1.4, which is a staggering 70%.3

Yes, you read that correctly—70%!

The likelihood that you or someone you know will require long-term care is high. While not as visible as a car accident or fire, the financial ramifications of paying long-term care costs can quickly become devastating.

What's Your Plan if you need Long-Term Care?

Common misconceptions planning for care

  • Using up savings or home equity - may result in depleted finances and derailed financial goals.
  • Moving in with family – loss of personal privacy and independence while placing demands on loved ones. 
  • Relying on a spouse – forgetting spouses age and the potential for their own health issues.
  • Depending on the government – benefits such as Medicaid may not cover all your needs.

More than helping offset expenses, long-term care insurance can better preserve your independence, finances, and prevent you from becoming a burden on your family.  Not sure where to start? Ask for a free copy of our free Long-Term Care Workbook.

Yes, Please send me the Long-Term Care planning workbook for free!

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Remeber pulling money from retirement savings may mean more taxes.

A Retirement lost in an instant

A Retirement lost in an instant

Long-term care costs can derail even the most carefully planned retirement. A single accident - a slip in the shower or a fall on the stairs - can lead to months of recovery, rehab or worse, permantly reduced mobility.

Suddenly, simple everyday tasks like cooking, cleaning, grocery shopping, or driving to the doctors office can become challenging or impossible without regular assistance.

While friends and family might pitch in for a while, relying on them for ongoing, open ended care is often not realistic. Without preparation, a lifetime of planning can be undone in an instant.


Have specific questions? Call 650-458-0312 or Book an free consultation

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Long Term Care Insurance Near Me

Long Term Care Insurance Near Me

Your search for long term care insurance near you is over! At New Stage Investment Group®  we can help you evaluate your long term care plan and if appropriate, help you shop for a policy.

The first step is to learn about long term care insurance and how a policy may help. Contact us to for a one-on-one consultation. 

Check out some of the most common questions about long term care we hear below. 

FAQ's

How do I determine the right amount of Long-Term Care insurance coverage?

Determining the right amount of coverage depends on several factors, including your age, health status, family history, and financial situation. Working together we will help assess your specific needs, considering the average cost of care in your area, your retirement savings, and any existing health insurance policies you have.

What is the difference between traditional Long-Term Care insurance and hybrid policies?

Traditional Long-Term Care insurance provides coverage specifically for long-term care costs, such as home care, assisted living, or nursing home expenses. Hybrid policies, on the other hand, combine life insurance with long-term care coverage, offering a death benefit alongside long-term care benefits.

How does Medicaid factor into Long-Term Care planning?

While Medicaid can provide coverage for long-term care costs ;however, it's typically available only to those with extremely limited income and assets. Relying solely on Medicaid may limit your choices of care facilities and services. Long-Term Care insurance offers a way to help protect your savings and maintain flexibility in choosing your care providers.

When is the best time to buy Long-Term Care insurance?

The best time to purchase Long-Term Care insurance is typically in your 50s to early 60s, as premiums are lower for younger, healthier individuals. However, it's never too early to start planning for your long-term care needs. Purchasing a policy before any significant health issues arise can help secure lower premiums and ensure you have coverage when you need it.

Set an appointment to discuss

For more information about long term care insurance or the services we offer, send us a quick email or call the office. We would welcome the opportunity to speak with you.

hello@newstageinvestment.com | (650) 458-0312

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 

This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it intended as any financial or tax advice. For information about specific insurance needs or situations, contact your insurance agent. This article is intended to assist in educating you about insurance generally and not to provide personal service. They may not take into account your personal characteristics such as budget, assets, risk tolerance, family situation or activities which may affect the type of insurance that would be right for you. In addition, state insurance laws and insurance underwriting rules may affect available coverage and its costs. Guarantees are based on the claims paying ability of the issuing company. If you need more information or would like personal advice you should consult an insurance professional. You may also visit your state’s insurance department for more information.