Nearly one in four American households (23% or 22.4 million households) is involved in providing care to persons aged 50 or over, and two out of five people receiving long term care are under the age of 65.
The average nursing home stay costs close to $56,000 per year, while bringing an aide into your home just three times a week can easily cost $1,000 a month. Health insurance doesn't cover these costs... Long term care insurance covers these costs and prevents needed care from decimating your assets and your family's well-being.