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?

 
   
   
Springfield Wealth Advisors
3556 Culpepper Circle, Ste 4A • Springfield, MO • 65804
Phone: 417-886-8500 or 1-800-299-5725 • Fax: 417-886-8905
• mikehorn@springfieldwealthadvisors.com

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The information within this website is believed to be correct but is dependent on outside sources. It is not intended to give tax or investment advise. This information should be given in person from a professional that has taken the time to review your assets, needs, and circumstances before making a recommendation.



Michael E. Horn



Springfield Wealth Advisors, Inc.



3556 Culpepper Circle, Suite 4A



Springfield, MO 65804







(417) 886-8500



1-800-299-5725







Securities offered through Investment Planners, Inc.

Member FINRA & SIPC


 

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