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Posted by LTC Staff
LTC Staff
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on Friday, 15 May 2015
in LTC Insurance

What are the Odds of Needing Long Term Care?

Due to scientific and medical advances, people are living longer than ever before. There are now more people over the age of 100 than any other time in history.


Yet, we still have no cure for Alzheimer’s, Parkinson’s, Multiple Sclerosis and many other illnesses that can cause a need for long term care. Nobody wants to think about a potential future where one or more of these conditions dominates daily life, but it is the unfortunate reality for millions of Americans.

The odds of needing Long Term Care are overwhelming. Seventy percent of Americans turning age 65 will require some form of Long Term Care over their lifetime. With odds like that, it only make sense to protect yourself and your financial interests. You are far more likely to need Long Term Care than you are likely to experience a house fire. Most people wouldn’t even consider being without homeowners insurance, but there are far too many people who are not yet protected with Long Term Care insurance. Many people believe they simply will not need long term care as they age, but unfortunately the statistics do not back up their optimism.

Studies have found that people in certain groups are even more likely to need care. On average, women tend to outlive men and therefore reach an older age where the need for care is more likely. People who live alone often have to rely on paid care because there isn’t anyone else to help out. Poor health and a family history of serious and chronic conditions can also increase the likelihood that a person will need long term care.

Fortunately, there are options for protecting your family from the burden of caregiving and safeguarding your assets against the very expensive realities of paying for long term care out of pocket. If you would like more information about Long Term Care insurance and the ways in which you can take charge of your future, please give us a call at 1-800-432-0091 or fill out our online form to receive a free rate comparison from several top Long Term Care insurance companies.


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