When considering the cost of long term care, insurance can help.
The cost of long term care can be significant, but insurance can help pay for the expense. Long term care involves help with daily tasks like dressing, eating, bathing and moving around the house. Care can take place in one’s home, in a location in the community or in a nursing or assisted living facility. While the cost of long term care can exceed $85,000 per year for a private room at a nursing home,* the cost of long term care insurance is considerably less and can help protect retirement savings and accumulated wealth. When seeking innovative long term health insurance products or assistance to evaluate the cost of long term care insurance, many families across the country look to John Hancock.
Learn more about the cost of long term care insurance with John Hancock now
Get guidance on the cost of long term care insurance from John Hancock.
John Hancock is one of the leading providers of long term insurance and can provide valuable assistance in helping you adjust the cost of long term care insurance to your needs and budget. John Hancock offers a number of products as well as additional features that can help you customize your long term care plan to your overall financial plan. With long term care insurance from John Hancock, you can be prepared to meet the cost of long term care should you require it, protect your retirement savings and your family’s financial future, and avoid being a burden on your loved ones.
Buy sooner to lower the cost of long term care insurance.
The cost of long term care insurance is primarily dependent on your age and the state of your health when you apply. The younger you are and the healthier you are, the lower the cost of long term care insurance is likely to be. The cost of long term care insurance is also dependent on several other factors:
- The amount of coverage you need to protect your assets.
- The cost of long term health care where you plan to live or retire.
- The length of time you anticipate needing care. A Boston College study reports that people on average require three years of long term care, but your health history and your family’s health history should be taken into consideration when purchasing a long term care insurance plan.
* Based on John Hancock's Cost of Care Survey, conducted by LifePlans, Inc., 2011.
