Anyone who has had to care for a sick or aging family member knows the emotional and financial impact of having a loved one in any extended-care situation. The emotional toll is enough to bare on its own, but with rising healthcare costs, the financial strain can be equally disruptive to many families. According to AARP, the average annual cost of nursing home care is almost $86,000. (1) This is a problem for most Americans who, if they actually have a savings account, have an average account balance less than $33,800 (2).
As Baby Boomers continue to age, the need for LTC will increase daily. To learn more about the products you have available through The Agents' Marketing Group, call us at 1-800-255-6641 and ask to speak to our Case Design team. They'll help you understand the differences between Traditional LTC, Hybrid LTC, and our Life+Rider options.