Purchase now to lower long term care insurance cost

If you’re concerned about long term care insurance cost, the best time to address your needs for insurance is sooner rather than later. Long term care insurance helps cover the cost of long term care should you or a loved one requires it. Long term care provides help with daily tasks like eating, dressing, bathing and transferring, as well as treatment such as physical, occupational, respiratory and speech therapy. The cost of long term care can be significant – a private room at a nursing home can cost as much as $74,000*, for example – and long term care insurance can help to pay for these expenses. Long term care insurance cost is primarily based on your age and health at the time you apply, so purchasing a policy when you are younger and healthier can lower long term care insurance cost.

For many families seeking the best options for making long term care insurance cost work with their budget, John Hancock has the answer.

Learn more about long term care insurance cost now

John Hancock helps assess long term care insurance cost

As a leading long term care insurance company, John Hancock offers a variety of long term care insurance plans with optional features that allow you to customize your policy to the needs of your financial plan. Most families find they can design a policy with long term care insurance cost that can work with their budget. In addition to helping to cover the cost of long term care, a John Hancock insurance policy helps to ensure that you will have control over the decisions concerning where and when to receive care, and that you will not become a burden on your family.

Factors influencing the cost of insurance for long term care

When considering long term care insurance cost and the amount of coverage you may need, there are several factors to keep in mind:

  • Cost of care in your area. The cost of long term care varies by region and state – having an idea about where you may like to retire or where you may receive care can help you decide how much insurance you may need.
  • Duration of care. Studies show that people require care for an average of three years, but your personal or family health history may suggest a longer or shorter time of coverage.
  • Your age and health.

Learn more about long term care insurance cost and John Hancock now and get more long term care insurance information including information about what is long term care.

* Center for Retirement Research at Boston College, “How Can We Improve Long-Term Care Financing,” June 2008.

 
Long-term care insurance is underwritten by John Hancock Life Insurance Company, Boston, MA 02117 and in New York by John Hancock Life & Health Insurance Company, Boston, MA 02117.