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?

 
   
   
JM EGAN Wealth Advisors, LLC, John M. Egan, CFP

21 Green Village Road
Madison, NJ 07940

2150 Highway 35
Suite 250, Brook 35 Plaza
Sea Girt, NJ 08750
Phone: 800-919-5010 • Fax: 973-377-7080
• info@jmegan.com

Investment Advisory Services offered through J.M. Egan Wealth Advisors, LLC. John M. Egan, CFP®, Investment Advisor Representative. Securities offered through Securities America, Inc. Member FINRA/SIPC.  John M. Egan, CFP®, Registered Representative. Securities America, Inc. and J.M. Egan Wealth Advisors, LLC, are independent non-affiliated entities.

Please remember to contact J. M. Egan Wealth Advisors, LLC if there are any changes in your financial situation or investment objectives, or if you wish to impose, add or modify any reasonable restrictions to our investment management and advisory services.   A copy of our current written disclosure statement discussing our advisory services and fees is available for your review upon request. 

Investment Advisory licensed in:  FL, GA, MA, MS, NH, NV, NJ, NC, NY, PA, TX.
Securities licensed in:  FL, GA, MA, MS, NH, NV, NJ, NC, NY, PA, TX, VA, VT.
Insurance licensed in:  NJ, NY, PA, SC 

Representatives of Securities America do not provide tax or legal advice. Please consult the appropriate professional regarding your situation.

Privacy Policy