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The need for long term care in your clients' lifetime
is not just a possibility, it is a probability.
Some 70% of couples age 65
or older can expect at least one spouse to need nursing or home
health care at some point in their lifetime. The cost of this
care may be the biggest threat to their wealth, costing on
average from $115,000 to $250,000 or more, based on an average stay of 2 1/2 years.
Unfortunately, Medicare covers only a small percentage of long
term care costs. As a matter of fact, the elderly and their
families bear the costs of long term care over 30% of the time.
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