Milford NH Long Term Care Insurance
It is human nature that we all like to think that our "golden years" will be spent enjoying life and in our own homes. You spent most of your life working toward retirement, but what would happen if you or your spouse became sick or injured? The nest egg that you rely on to pay for not only your vacations, dinners out and rounds of golf, but also your food, heat and insurance could be in jeopardy. Without LTC Insurance offered in Bedford and Milford from HPM Insurance, you could be risking not just money but also your lifestyle. The lifestyle you have worked so hard to build.
The government estimates that the average cost of nursing home care is approximately $70,000 a year or $6,000 per month. That is a staggering figure and unfortunately, Health Insurance and Medicare may not cover as much as you think with studies showing just 3% of these costs covered.
Long Term Care Insurance is a great tool to help you get through not only this difficult emotional time, but also difficult financial time. The tricky part is realizing that we are all vulnerable and can plan enough into the future to purchase a Long Term Care policy before needed.
What do many Long Term Care policies cover?
- nursing home coverage
- skilled nursing care
- assisted living facility
- in-home care costs for people over 65 years old.
Can your nest egg meet these expenses without LTC Insurance? For most, the answer is no.
The cost of insurance can appear daunting, but considering that the estimated long term insurance cost of a 65-year-old in good health could pay between $2,000 and $4,000 a year in premium. Though not inexpensive, comparing it to the $70,000 annual cost of nursing home care, it is certainly worth considering. Many find that the cost of Long Term Care Insurance offered by HPM Insurance of Bedford and Milford to be affordable.
A New Hampshire insurance policy can protect your retirement dream for you and your spouse. The policy may be customized so that you can receive in-home care rather than being moved to a facility.
There are also new products that combine the benefit of LTC Insurance and life insurance. The cost of the premium is recovered later because if you don't have a long-term care claim, your family can collect the benefit upon your death.
In short, you want to discuss your concerns and objectives with a professional. You are investing too much to not have someone with credibility explain the pro's and con's of your long term care protection.
Here are two reasons to get started right away!
- The earlier you take out a long term care policy, the lower the premium. If you are in good health right now, it makes sense to get approved.
- You can get a no-risk quote right away by filling out the short form. We'll get right back to you with an affordable path to securing the retirement you want.