Broker Check

Long Term Care Costs

| November 20, 2018
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A few things stand out for me after reading through this infographic provided by Nationwide Insurance.   The first is that a whopping 70% of people over the age of 65 will need Long Term Care in their lifetime.  The second is that 60% of people start receiving Long Term Care in the comfort of their own home, which is typically the preferred choice.  

The costs associated with long term care can not be ignored, and must be a part of any well structured retirement plan.  Although there are many options to pay for long term care it's important not to rely on family members or the government for assistance.  

Infographic can be viewed in full screen here -

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