Who will need long term care?
At some point, 7 in 10 over age 65.
U.S. Department of Health And Human Services
The National Median Monthly Rate
for Residential Assisted Living is $3,628.
GENWORTH COST OF CARE SURVEY 2016
$092,456
The National Median Annual Rate for Private Room Nursing Care is $92,345.
GENWORTH COST OF CARE SURVEY 2016
6 years is the average duration that a couple will need long-term care.
U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES
Surveyed Boomers are three times more worried about contracting a major illness (48%), their ability to pay for care (53%), or needing long-term nursing care (48%) than they are about dying (17%).
AGE WAVE & MERRILL LYNCH SURVEY / 2016
What's the idea
behind life care?
A lifetime of unlimited days of quality health care in a familiar setting, at essentially the same monthly fee as what it would cost for a residence at the community.