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Your chance of needing private long-term care insurance is very high. With the way people live their lives, sooner or later they'll develop a major health problem. One's need for long term care continues to increase and the only thing left for people to do is to shop for long term care quote early in preparation for their future.
Answer:
According to the Department of health and human services, the chances that people will be needing long term care services is 7 out 10, that means that the chances that you will need long term care (LTC) insurance is realtively higher than the chance that you'll be needing home or car insurance. ltc insurance is not just for old age, unforeseen circumstance like developing a condition that will make you unable to perform activities of daily living should also be taken into considertation. Purchasing it early means more affordable premiums and there is a small chance that you will be declined.
Wiki User
∙ 10y ago
The odds of needing long term care insurance vary depending on factors such as age, health status, and family history. However, research suggests that around 70% of individuals over 65 will require some form of long term care in their lifetime. It's important to assess your individual risk factors and financial situation when deciding whether to invest in long term care insurance.
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What are the odds of needing long-term care?
Aging is something that is beyond our control, all of us will grow old sooner or later. Aging is oftentimes associate with illness, injury, fall and frailty.. all of these condition warrants the need for log term care. Even statistics show that 7 out of 10 Americans will be needing long term care, in fact insurance companies have paid billions of dollars in claims benefits for long term care insurance proving that a lot of people are under long term care services.
What are the odds of needing long term care?
Aging is something that is beyond our control, all of us will grow old sooner or later. Aging is oftentimes associate with illness, injury, fall and frailty.. all of these condition warrants the need for log term care. Even statistics show that 7 out of 10 Americans will be needing long term care, in fact insurance companies have paid billions of dollars in claims benefits for long term care insurance proving that a lot of people are under long term care services.
When was Long Odds created?
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Long Odds - 1922 is rated/received certificates of: UK:U
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