GRAND Magazine - August 2009 - 5

Smart Money Tip Long-Term Care Coverage Look for an elimination mericans are living longer than period (the time before ever and are now your benefits begin) of 90 facing the important days. Remember, this is decision of whether to “catastrophic” coverage. purchase long-term care Most people who need insurance. Most people the insurance can afford buy this coverage to help the cost of care for three protect assets, preserve months, and this approach independence and provide lowers your cost—in quality care. A growing some cases, by as much number of younger people as 30% per year. Equally are buying it to help their important, inquire about aging parents. inflation protection and In general, long-term insist on insurers rated care protection makes the "A" or better by A.M. most sense for people with a The high cost of long-term care could threaten your retirement dreams Best and "strong" by net worth of $100,000 to $2 million. Those with Standard & Poor's and Moody's. less will likely exhaust their assets and qualify If you'd like to receive three quotes with for Medicaid; those with more can generally just one call, Long-Term Care QuoteSM will fund their own care if they choose to do so. provide them—free of charge. The company— With over 100 policies on the recommended in Consumers market, it pays to comparison Digest, The Wall Street shop. In fact, the cost of similar Journal, Kiplinger’s, Money coverage from different companies Magazine and on NBC—will of Americans varies by 50 percent or more. ask for basic information on 65 or older According to Money Magazine your age, health and location, are expected to need financial editor, Jean Chatzky, then shop up to 10 top-rated "Your best bet is to get quotes long-term care during carriers on your behalf. You'll from at least three companies." In get details and quotes on up to their lifetime.* addition, you should consider a three high-quality, low-cost policy with at least a three-year policies selected—and a term—the average time people complimentary copy of The needing care today Consumer’s Guide to Longneed care. are between Term Care Insurance. Look for a daily benefit that 18 and 64.† To request your free policy would cover the average daily comparisons and personalized nursing-facility cost in your area. The national average is averaging $213 per day, quotes, call toll-free 1-800-587-3279 ext 1350 or over $77,745 per year or visit www.LTCQ.net. A Who needs it; How to find the right policy 70% 40% This advertisement is not intended to solicit insurance business in Texas. *San Diego Daily Transcript, Living long has its benefits, and its costs, Sept. 26, 2003; †Who Buys Long-Term Care Insurance, Health Insurance Association of America and Lifeplans, Inc., 2005. **MetLife Mature Market Institute, The MetLife Market Survey of Nursing Home & Home Care Costs, 10/09. Long-Term Care Quote, a subsidiary of Longevity LTC, Inc., is located at 1580 N. Fiesta Blvd., Ste. 103, Gilbert, AZ 85233. Longevity LTC, Inc. is licensed to sell insurance in all 50 states and the District of Columbia. LA# 425558, MA# 1844089, UT# 260353. Longevity does business under the name Longevity LTC Insurance Services, Inc. in CA, CA# 0F82027.

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GRAND Magazine - August 2009

Table of Contents for the Digital Edition of GRAND Magazine - August 2009