How Much Long Term Care Insurance Is Needed?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaMost Americans have finally come to terms that they will be living longer and require some help in their senior years. Long term care needs to cover assisted living and/or nursing home care generally during retirement. Those costs can be daunting. So it's important to purchase the maximum coverage. A male non smoker age 60 in good health may pay around $300 a month for $7000 a month benefits to a limitation of $420,000.Answered on July 21, 2013+01+1 this answer
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11783 POINTSContact Meview profileLarry GilmorePROAgent Owner, Gilmore Insurance Services, Marysville, Washington StateHow much long term care coverage is required? It will depend on the cost of care where you will receive it. You can find online information that will let you see the cost of care in your state. That will help you figure what you will need for costs. You can also find the average duration a person stays under care. This will help with figuring out how long you'll need coverage. There is a lot of information to help you create a plan that will provide a solid level of coverage and duration without breaking you financially.Answered on December 14, 2014+01+1 this answer 0flag this answerview more answers by Larry Gilmore
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