Cost of long term care can impact your family's financial future

Long term care is a reality for many families today. Advanced age, injury or illnesses such as multiple sclerosis, stroke, rheumatoid arthritis or Alzheimer’s disease may cause a person to require long term care. The cost of long term care can be significant, paying for services that include daily assistance with eating, bathing, dressing and moving about, as well as physical, respiratory and occupational therapy received on a daily or periodic basis. The cost of long term care can quickly impact your retirement savings and compromise your financial assets, making it harder to achieve the financial future you want for your family. But a long term care insurance program from John Hancock can help cover the cost of long term care and protect the wealth you have worked so hard to build.

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John Hancock LTC insurance helps manage the cost of long term care

John Hancock has been a leader among long term care insurance companies for the last 20 years. With a portfolio of innovative long term care insurance plans that can help you manage the cost of long term care, John Hancock can help you feel confident that you are protecting your hard-earned assets and savings. In addition to helping to manage the cost of care, long term insurance also helps remove the emotional burden many families feel when it comes to decisions regarding long term care. With a John Hancock long term care plan you and your family will have more control and choice when it comes to deciding where and when to receive care.

Cost of care depends where you will live in the long term

When it comes to determining the cost of long term care and how much long term care coverage you should plan for, several factors will impact your decision. The location you want to be in the long term, for example, may impact your decision, as the cost of care varies in different regions of the country. You may also need to consider the duration of care as the average time people require care is three years*, but you may want to plan for more or less care depending on your personal health and family health history.

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* Center for Retirement Research at Boston College, "How Can We Improve Long-Term Care Financing," June 2008.