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?

 
   
   
Platinum Financial Associates, Inc. for Financial Services and Wealth Management Services
1064 104th Street • Naperville, IL • 60564
Phone: 630-548-9600 • Fax: 630-548-9604
• invest@pfinvest.us

Susan S. Lewis is a registered representative registered to transact business with clients in Alabama, Arizona, California, Florida, Illinois, Indiana, Michigan, Missouri, Montana, Nebraska, New Jersey, South Carolina and Texas. Susan S. Lewis is also an investment advisory representive licensed in Illinois and California. Susan S. Lewis is also an insurance agent licensed in Illinois and Montana. Diane Williams is a representative registered to transact business with clients in Arizona and Illinois. Diane Williams is also an investment advisor representative licensed in Illinois and is insurance licensed in Illinois.   If you are not a resident of the states noted above, all investment-related information on this site is for informational purposes only and does not constitute a solicitation or offer to sell securities or insurance services over the internet. Securities offered through H.D. Vest Investment ServicesSM, Member: SIPC, Advisory Services offered through H.D. Vest Advisory Services SM, 6333 North State Highway 161, Fourth Floor, Irving, TX 75038, 972-870-6000.

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Platinum Financial Associates Inc. is not a registered broker dealer or independent investment advisory firm.