LTCI Cost of Waiting  

What is the cost of waiting to buy long-term care insurance?

There is a time-honored phrase related to long-term care insurance and it goes like this: "Your money pays for long-term care insurance, but your health buys it."

As one ages, the risk of not being able to qualify for long-term care insurance may increase due to deteriorating health.

In addition to the risks of health problems as we age, the dollar cost of long-term care insurance rises dramatically because the insurer has less time to accumulate sufficient reserves to cover its part of the risk.

     

What is your current age?

What is the annual premium for a long-term-care policy at your current age? (If you do not know the premium, see your insurance professional for a complimentary quote.)

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If you delay purchasing long-term care coverage now, at what age might you buy it in the future?

At what age do you anticipate requiring long-term care benefits?

 
   
   
Mark Stevens Financial LLC.."Your Money. And Your Life" Investments, Asset Management, College Savings, Estate Planning, Nursing Home Protection, Legacy Planning
3870 North Buffalo Rd. • Orchard Park, NY • 14127
Phone: 716-667-7432 • Fax: 716-972-0250

 

 

Mark Stevens is a Registered Representative of and offers securities products & services through FSC Securities Corporation, Member FINRA/SIPC, a registered broker-dealer.  In this regard, this communication is strictly intended for individuals residing in the states of FL, GA, IN, MI, NY, OH, PA, and SC.  No offers may be made or accepted from any resident outside the specific state referenced.

Securities and investment advisory services offered through FSC Securities Corporation, Member FINRA/SIPC and a registered investment adviser. Mark Stevens Financial LLC. is not affiliated with FSC Securities Corporation or registered as a broker-dealer or investment adviser.
Advisory services offered through FSC Securities Corporation, a Registered Investment Advisor.

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