Failing to Plan for Long Term Care is the # 1 threat to your Financial Nest Egg!
The average cost is $60,000 to $70,000 a Year or $240,000 over the average 3 1/2 year term.
What is long-term care?
Long-term care is custodial care given at home, in adult day care centers, assisted living facilities, or in nursing homes for people with chronic disabilities and lengthy illnesses. Typically, one would need assistance with Activities of Daily Living (bathing, dressing, eating, transferring, toileting, continence) or supervision due to a cognitive impairment. Ninety-five percent of people who need long term care require only custodial care rather than skilled nursing care.1