Long term care solutions
Pre-plan for long term care and protect the ones you love and your retirement.
Long term care affects the family and finances
Which of our children will put their life on hold to care for us?
Do we have an emergency fund to pay
for long term care costs?
7 out of 10 people age 65 and over will need long term care help.
Only 10% of Americans have pre-planned or saved for long term health care costs.
Long term care costs in the San Francisco ares is expensive, and ranges from $70,000-$130,000 per person/year.
Did you know this about long term care?
"The fact remains that most of us are anesthetized to the true cost and
the true value of long term care planning"
Long term care is help for everyday tasks.
Examples of triggers for long term care
Where do people receive long term care?
There are three levels of care which extend from help at home to
needing around the clock assistance.
Long Term Care Costs in the Bay Area
Long term care costs in the Bay Area is
one of the highest in the nation.
Inflation increases costs 3-5% per year.
Home care: $78,000 per year
Assisted living facility $59,000 per year
Skilled nursing facility $160,000 per year
Average Length of Long Term Care
Length of care depends on the individuals overall health and cognitive function.
Pre-planning long term care options
Use life insurance for long term care
Life insurance with a long term care rider can advance death benefits early to pay for care.
Accelerate the amount of money needed or the full benefit.
Paid as a lump sum or monthly.
No need to payback advanced benefits
Depending on policy, prorated or full death benefits
How it works.
Gene is a 45 year old dermatologist with a wife and two children in high school.
Gene has a massive stroke, can't work, needs costly care at home and still has monthly bills.
He decides to use his life insurance policy to offset his income loss.
With his $500,000 permanent life insurance policy, he activates the chronic illness rider and submits his physician's report to the life insurance carrier.
Gene advances his full life insurance death benefit of $500,000 and receives $10,000 per month for
The life insurance provides Gene and his family a financial cushion to keep his family's lifestyle intact and relieve the pressure to return to work.
Rose (56) and Riley (60) are real estate agents who are eyeing retirement. They have three grown children who live in other parts of the country. They know the physical, emotional, and financial costs of long term care because Riley's mother, who has Alzheimer's disease, currently lives with them.