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?

 
   
   
Siebrasse & Associates, LLC
4112 27th Avenue South • Minneapolis, MN • 55406
Phone: 612-724-5195 • Fax: 612-724-5195
• dianne@sailingtofreedom.com

Dianne Siebrasse, CFP

Financial Services Professional
Siebrasse & Associates, LLC
4112 27th Ave. So.
Minneapolis, MN 55406
Ph/Fax 612-724-5195

Securities offered through Questar Capital Corporation (QCC)
Member FINRA/SIPC.  5701 Golden Hills Drive
Minneapolis, MN 55416, 888/446-5872
Advisory Services offered through Questar Asset Management (QAM)
A registered investment advisor
Siebrasse & Associates, LLC is independent of Queststar Capital Corporation (QCC), and Questar Asset Management (QAM)