Fill out the form below in order to request your free copy of the 2018 LTCI Awareness Month Kit Today.
November is LTCI Awareness Month. This is a great opportunity to discuss how LTCI coverage can fit within your clients’ and prospects’ retirement portfolios. With longer life expectancies, the need for long-term care has increased and many consumers don’t consider the impact LTC can have on their retirement.
The impact is not just physical—the costs associated with a long-term care condition can be quite expensive, eroding significant portions of retirement income. Genworth’s 2018 Cost of Care Survey found that the annual national median for care in an assisted living facility is $48,000, for a home health aide, $50,336, and for nursing home care in a semi-private room, $89,297.
These numbers are only estimated to rise, with Genworth estimating that in 2028 (just ten years from now) the annual national median for nursing home care in a semi-private room increasing to $120,008.
When you consider that the average amount families age 56-61 have saved for retirement is $163,557, you can see how a long-term care condition, even a short one, can take a huge bite out of a consumer’s retirement portfolio. And that’s just the average. When we look at the median, the numbers are more concerning – just $8,000 for those aged 50 to 55 and $17,000 for those aged 56 to 61.
So use the rest of November to have LTC conversations with prospects and clients. To assist agents and advisors in this endeavor, Legacy Financial Partners has created an exclusive LTCI Sales kit that includes::
- LTCI Pre-Approach Letters
- Key Long-Term Care Statistics
- LTCI Client Presentations
- LCTI Concept Sheets
- True Cost of LTC Guide
- and more!
Fill out the form below in order to request your
free copy of the 2018 LTCI Awareness Month Kit