Long term health care can deplete retirement savings
Long term health care is a challenge for many families today. When a family member becomes too aged or infirm to take care of themselves adequately, long term health care professionals may be needed to help perform even simple daily activities such as eating, bathing, dressing and moving about the home. Long term care options may be needed due to the normal aging process , or when a person can no longer eat, bath or move around without help or as the result of a stroke, multiple sclerosis, rheumatoid arthritis, injury, or a cognitive impairment such as Alzheimer’s. The cost of long term health care can be high – the national average is more than $74,000 for a private room in a nursing home – and long term care costs can impact retirement savings and the assets you’ve built. To help pay for long term health care and to ensure more control over your long term care decisions, consider long term health care insurance from John Hancock.
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Protect your wealth with long term health care insurance from John Hancock
With more than 145 years in the insurance business and more than 20 years providing long term care (LTC) insurance, John Hancock is one of the leading providers of LTC plans. John Hancock’s innovative long term care plan options include care at all levels – skilled, intermediate and custodial – and at a variety of settings: nursing homes, assisted living facilities, community settings and in the home. John Hancock’s long term health care insurance comes with a variety of optional features for customizing your policy to fit your exact needs and inflation options to help you policy keep pace with the rising cost of health care in the future.
Determine the right time to buy health care coverage for your long term needs
It’s important to plan for your family’s future health care needs sooner rather than later for two important reasons. First, the cost of long term health care insurance is based on age and health at the time you enroll in a plan – the younger and healthier you are, the lower the cost will be for long term care insurance. Second, an accident or illness can happen at any age, and having a plan in place to pay for long term care will protect your family’s wealth and lifestyle. Many people in their 40s and 50s are proactively investing in long term health care coverage to help reduce uncertainty in their later years and to maintain control over their assets and their family’s future.
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