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How To Save Big On Long Term Care Insurance
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Did you know that someone turning 65 has almost a 70% chance of needing some type of long term care? Or that the average annual cost of an assisted living facility is $43,200, and the average length of stay is 3.7 years for women and 2.2 years for men?
Yet less than 8% of Americans have long term care insurance, and most who don’t have it say it’s too expensive.
In this episode, we discuss how you can save money on long term care insurance and still ensure you’re covered in your later years.
What you’ll learn
- How you can “age in” your home in order to stay at home and out of assisted living facilities
- How getting a joint long term care insurance policy with your spouse will save money
- When you should start seeking long term care insurance coverage
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