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.)

$

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?

 
   
   
Marathon Financial Strategies
1792 Bristol Farms Court, Suite 101 • Grayson, Gwinnett County, GA • 30017
Phone: 770 985-0650
• mark@marathon-forthelongrun.com

 

Mark DiGiovanni, CFP, is currently licensed in the following states only, and can therefore offer services to residents of these states only.  Licensing in additional states can be obtained as necessary.  Currently licensed states are Georgia, Alabama, Tennessee, Delaware, Minnesota, Massachusetts and New York.   

Securities and advisory services offered through The Strategic Financial Alliance (SFA), member FINRA/SIPC,  Mark DiGiovanni of Marathon Financial Strategies is a registered representative and investment advisor representative of SFA, which is otherwise unaffiliated with Marathon Financial Strategies. Supervising Office (678) 954-4000