LTCI Cost of Waiting  

What is the cost of waiting to buy long-term care insurance?

There is a time-honored phrase related to long-term care insurance and it goes like this: "Your money pays for long-term care insurance, but your health buys it."

As one ages, the risk of not being able to qualify for long-term care insurance may increase due to deteriorating health.

In addition to the risks of health problems as we age, the dollar cost of long-term care insurance rises dramatically because the insurer has less time to accumulate sufficient reserves to cover its part of the risk.

     

What is your current age?

What is the annual premium for a long-term-care policy at your current age? (If you do not know the premium, see your insurance professional for a complimentary quote.)

$

If you delay purchasing long-term care coverage now, at what age might you buy it in the future?

At what age do you anticipate requiring long-term care benefits?

 
   
   
Wolters Hagar & Pratt Financial Planning Inc.- San Diego, CA
6390 Greenwich Dr, Suite 230 • San Diego, CA • 92122
Phone: (858) 550-7090 • Fax: (858) 550-7099
• whp@whpfinancial.com

6390 Greenwich Drive,  Suite 230, San Diego, CA 92122
Phone: 858-550-7090   Fax: 858-550-7099   Email: whp@whpfinancial.com


Securities and investment advisory services offered through SagePoint Financial, Inc., member FINRA/ SIPC and a registered investment advisor. Certain insurance products offered through WHP Insurance Services, which is not affiliated with SagePoint Financial, Inc. or registered as a broker-dealer or investment advisor. Additional investment advisory services offered through Wolters, Hagar & Pratt Financial Planning, Inc., a registered investment advisor not affiliated with SagePoint Financial, Inc.