LTC insurance helps protect your retirement savings
Long term heath care, or LTC, is the kind of assistance people need to help perform routine daily activities such as eating, bathing, dressing and moving about the home. LTC is often needed as the result of aging, but can also be required when a person is incapacitated due to an injury or an illness such as rheumatoid arthritis, stroke, multiple sclerosis, Alzheimer’s, and others. More than 70 percent of people over age 65 will require LTC services at some point in their lives.* But the elderly are not the only population requiring LTC – more than 40 percent of those with long term care needs are under 65.**
The cost of LTC can be overwhelming for some families. Private rooms in a nursing home may cost more than $85,775 per year***, impacting retirement savings and compromising the financial future you have planned for yourself and your family. To help protect your retirement savings and protect your family’s financial future, consider a long term care insurance policy from John Hancock.
Learn more about solutions for LTC insurance from John Hancock now
John Hancock provides innovative insurance products for LTC
For over 145 years, John Hancock has been a leader among financial service providers. Today, John Hancock is a leading long term care insurance company as well, with more than one million policyholders who are helping to protect their assets with and LTC policy. When you choose an LTC plan from John Hancock, you accomplish several important things:
- LTC insurance enables you to minimize your financial exposure and help protect your assets should you require long term care.
- You can enhance the choice and independence you will have over when and how to receive care.
- You can reduce the emotional and financial burden that long term care can represent for your loved ones.
When is the best time to considering buying LTC insurance?
When it comes to buying LTC insurance, there are two good reasons to address your family’s future sooner rather than later. The cost of long term care insurance premiums is mainly dependent on your age and health at the time you purchase your LTC policy. The younger you are and the healthier you are, the lower your premium. And because injury or illness can cause even a younger person to require long term care, buying a policy now can help ensure that you will get the care you need while still helping to protect your financial future.
Learn more about LTC insurance and what is long term care now
* U.S. Department of Health and Human Services, National Clearinghouse for Long-Term Care Information, www.longtermcare.gov, September 2008.
** Georgetown University Long-Term Care Financing Project, "Long-Term Care Financing Policy Options for the Future," June 2007.
*** Based on John Hancock's Cost of Care Survey, conducted by LifePlans, Inc., 2011.
