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?

 
   
   
CCB Investment Services
165 West Avenue • Crossville, TN • 38555
Phone: 931-707-2210

Securities offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. Cumberland County Bank and CCB Investment Services are not registered broker/dealers and are not affiliated with LPL Financial.    Investment Advisory Services offered through LPL Financial, a Registered Investment Advisor. 

The investment products sold through LPL Financial are not insured Cumberland County Bank deposits and are not FDIC insured. These products are not obligations of the Cumberland County Bank and are not endorsed, recommended or guaranteed by Cumberland County Bank or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible.
 
 

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