Long-term care insurance talk Nov. 13
Rockland — November brings colorful foliage and hints of winter in the air, but it also means the start of National Long-Term Care Insurance awareness month.
Come to Spectrum Generations Knox Community Center on Wednesday, Nov. 13, at 10 a.m. to learn about the changes in LTCi and more from Carroll Harper one of Maine’s Long Term Care Insurance producers
At the present time approximately 79 million baby boomers live in the United States. Living a long life increases the chances of needing long-term care. The federal government reports that 70 percent of people who reach the age of 65 will require long-term care services at some point in their lives. Of those, 20 percent will need care for between two and five years, while another 20 percent will need care longer than five years. At a staggering $73,000 dollars per year in a nursing home, a three-year stay for one person can significantly affect family assets. Needing long-term care places an enormous emotional and physical strain on loved ones and family members. Incorporating long-term care insurance into your financial plan can help you protect assets, reduce the burden of care on family members and provide resources for the type of care in the setting you most prefer.
Knox Community Center is located at 61 Park St. in Rockland. To register call 596-0339 by Nov. 12.