Long-Term Care INSURANCE
Contact Delington Financial & Insurance Services Today! & Learn How To Protect, Preserve, and Ensure Your Legacy Against The High Cost Of A Long-Term Care Expense.
Studies show that people are now living longer. As a result, more than 70 percent of the aging demographic of 65 years and over, at one point in their lifetime will need some type of long-term care. According to *Genworth's Cost of Care 2004-2019 report, "From 2004 to 2019, the cost of the facility and in-home care services has risen on average from 1.71%-3.64% per year. That is an increase of $829 a year for home care and up to $2,468 a year for a private room in a nursing home. Furthermore, this report notes that at this rate, some care costs are outpacing the U.S. inflation rate of 2.1%* by almost double.
As you age in years, you may become more concerned and worry about the financial impact a long-term care event will have on your entire financial security. Furthermore, as the noted rates of home care and private nursing facilities cost increase, not having long term care insurance in place, can also have an emotional impact on you or your loved ones' peace of mind.
You may never need Long Term Care insurance. But if you did, how will it affect you, your immediate family; your spouse, your adult children, and your finances?
Will you be forced to sell your home or tap into your retirement savings to cover a long-term care expense?
No matter what your long-term care situation may call for, Let the experts at Delington Financial & Insurance Services help you proactively establish the best approach that will shield you from a potential long term care expense while safeguarding your hard-earned assets.
Contact Us: for your free- long-term care consultation today.