Will nursing-home bills HAUNT YOUR ESTATE?

LTC and Disability -  The Facts

STARTLING FACTS:

A disabling injury or illness could be devastating to you, your family, your home and your future……...

· During a 10 minute conversation with a friend, over 300 people will suffer a disabling injury. (1) Over 1,950 disabling injuries occur every hour of every day. That's over 46,000 injuries per day(1)

· More than 50 percent of these injuries happen while people are traveling to and from home, work or on vacation).

· Disabling injuries, on average, cost more than $117,000(2).

· One third of the population between ages 25 and 50 will be disabled for more than 6 months before they turn 65(3).

· 46 percent of all home foreclosures in America are due to death or disability(4).

 

With all these facts in hand it is a good idea to look at your situation and analyze your needs. Remember death or disability does not wait until you sign the papers so act today to protect your family! Call 800-883-9233

 

(1) National Safety Council “1992 Accident Facts”. (2) Committee on Motor Traffic Accident Classification 1990. Manual on classification of motor vehicle traffic accidents (3) The national underwriter “ when will your number come up” (4) United States Department of HUD; U.S. Government Home and Home Finance; The National Underwriter (5) savings and loan league

· For a couple turning 65, there is a 75% chance that one of them will need long term care.

          (The Wall Street Journal, June 2000)

 

· The average nursing home stay is  2.3 years.           

          (US Census Bureau, cited in LA Times, 9/29/00)

 

 

· 50% of all couples are impoverished within six months after one spouse is admitted.

          (Wall Street Journal, June 2000)

 

 

· Cost range from:   $41,000 - $73,000 annually                                              

           (Guide to Retirement Living, Summer / Fall 1999)

 

LTC or Long Term Care it is a necessity if you think Medicaid will pay for your nursing home stay read some of the cases below ...do you want to leave something for your heirs?

Medicaid helps pay the bills for most patients,

But after you die the state may step in line to inherit your assets.

What would your family do if you couldn’t work

Phone: 800-883-9233

Email: steve@ric-1.com

       Retirement & Insurance Concepts,  Inc.

P.O. Box 209 , Ware MA 01082

Retirement & Insurance Concepts,  Inc.