Rating an Individual's Need for Long-term Care Benefits Can Be Measured by

• 50 1000000 Americans are living with Alzheimer'due south disease.¹
• The financial impact from a long term care event is massive: Caregivers in high-intensity care situations written report high financial strain (29 pct) more than so than those in medium- to low-intensity situations (11 percent). Likewise, those who provide 21 or more hours of intendance weekly more oft report high financial strain (31 percent vs. 13 percent of those who provide intendance xx hours or less).²
• American women live longer than men (81 years on average versus 76 for men), according to information released in 2020.^three This longevity translates to potentially more unhealthy years on average for women.
• A healthy 65-year-erstwhile couple has a 75% chance that ane partner will require a meaning level of long term care (LTC) if they each alive to their projected actuarial life expectancies, according to a new HealthView Services report.
• $770,778 is the projected boilerplate cost for 3 years of long-term care thirty years from now.⁴

• $105,850 is the average annual toll for a private room at a nursing home co-ordinate to the 2022 Cost of Care study by Genworth Financial.
• The top iv reasons individuals purchase of long term care insurance:⁵
  1. To protect avails
  2. For fiscal security/peace of mind
  3. To cover the toll of LTC services in the futurity
  4. They don't desire to exist a fiscal brunt on family

• Every 3 seconds someone in the U.s. develops dementia.¹
• More than 5.8 1000000 Americas are living with Alzheimer's disease. Past the twelvemonth 2050, this number could rise as high as 16 one thousand thousand.¹
• Virtually ane in five caregivers report experiencing loftier financial strain as a result of providing intendance.²

Make sure you and your family unit are protected against the financial, physical, and emotional burden a long-term care event tin crusade. Get a gratuitous quote for long-term care coverage and acquire more than about your options past speaking with an LTC Consumer specialist.

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Source: https://ltcconsumer.com/ltc-facts/statistics/

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