3 In 4 Need More
Do you plan to live beyond 65?
If so, reflect on this: Financial Inc. notes that 74% of consumers ages 55 to 65 polled for a recent survey said they are concerned about needing some kind of long term care. That's about three in every four of us! But the consumer concern has not yet been translated into action in most cases. In the survey, 25% of all consumers admitted that they have no idea what a day in a nursing home costs. And only 22% of the participants mentioned the idea of using private LTC insurance to pay for care. ( Financial Inc. Newark, N.J. 2010 Long Term Care Cost Study)