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Long term care is a serious issue facing many Americans. As a part of Arizona Federal, The Arizona Group is here to serve all of its members’ insurance and planning needs.
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Insurance Tip!
Prepare now for long term care in the future.
Did you know...
- At age 65, people face at least a 40% risk of entering a nursing home at some point in their lifetime and about 10% will have a stay of five years or longer.
(Source: AHIP, A guide to Long-Term Care Insurance, 2004)
- Because women generally outlive men by several years, they face a 50% greater likelihood than men of entering a nursing home after age 65.
(Source: AHIP, A guide to Long-Term Care Insurance, 2004)
- The average daily rate in 2006 for a private room in a nursing home was $206, an increase of 1.5% from 2005.
(Source: 2006 MetLife Market Survey of
Nursing Home & Home Care Costs)
- The average length of a nursing home stay is about 2.4 years.
(Source: CDC/NCHS Health Care in America, Trends in Utilization;
U.S. Department of Health and Human Services; January 2004)
- At an average daily rate of $206, an average nursing home stay of 2.4 years currently costs about $180,000, making it virtually unaffordable for many Americans.
Long term care is a serious issue facing many Americans. As a part of Arizona Federal, The Arizona Group is here to serve all of its members’ insurance and planning needs.
Sometimes a long term care insurance policy is the answer to the problem.
Sometimes there is an alternative investment or insurance product that can put a person’s mind at ease.
Sometimes it is advisable for a member not to put any new planning in place. Every personal situation is different.
If you would like to discuss your need for planning, please call Chris Dunlevy at The Arizona Group at (480) 633-6683 or click here to email him.
As an established local agency, our insurance partner, The Arizona Group, offers a full range of personal and commercial insurance services, including auto and homeowners insurance.
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