Amazines Free Article Archive
www.amazines.com - Monday, April 15, 2024
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133573)
 Advice (161671)
 Affiliate Programs (34799)
 Art and Culture (73855)
 Automotive (145712)
 Blogs (75614)
 Boating (9851)
 Books (17223)
 Buddhism (4130)
 Business (1330636)
 Business News (426446)
 Business Opportunities (366518)
 Camping (10973)
 Career (72795)
 Christianity (15848)
 Collecting (11638)
 Communication (115089)
 Computers (241951)
 Construction (38962)
 Consumer (49953)
 Cooking (17080)
 Copywriting (6733)
 Crafts (18203)
 Cuisine (7549)
 Current Affairs (20319)
 Dating (45908)
 EBooks (19703)
 E-Commerce (48258)
 Education (185520)
 Electronics (83524)
 Email (6438)
 Entertainment (159854)
 Environment (28970)
 Ezine (3040)
 Ezine Publishing (5453)
 Ezine Sites (1551)
 Family & Parenting (111007)
 Fashion & Cosmetics (196605)
 Female Entrepreneurs (11853)
 Feng Shui (134)
 Finance & Investment (310615)
 Fitness (106469)
 Food & Beverages (63045)
 Free Web Resources (7941)
 Gambling (30227)
 Gardening (25202)
 Government (10519)
 Health (630134)
 Hinduism (2206)
 Hobbies (44083)
 Home Business (91657)
 Home Improvement (251210)
 Home Repair (46243)
 Humor (4723)
 Import - Export (5459)
 Insurance (45104)
 Interior Design (29616)
 International Property (3488)
 Internet (191028)
 Internet Marketing (146687)
 Investment (22861)
 Islam (1161)
 Judaism (1352)
 Law (80506)
 Link Popularity (4596)
 Manufacturing (20914)
 Marketing (99316)
 MLM (14140)
 Motivation (18233)
 Music (27000)
 New to the Internet (9496)
 Non-Profit Organizations (4048)
 Online Shopping (129734)
 Organizing (7813)
 Party Ideas (11855)
 Pets (38165)
 Poetry (2229)
 Press Release (12689)
 Public Speaking (5643)
 Publishing (7566)
 Quotes (2407)
 Real Estate (126697)
 Recreation & Leisure (95495)
 Relationships (87674)
 Research (16182)
 Sales (80350)
 Science & Technology (110290)
 Search Engines (23514)
 Self Improvement (153300)
 Seniors (6220)
 Sexuality (36010)
 Small Business (49311)
 Software (83033)
 Spiritual (23516)
 Sports (116155)
 Tax (7663)
 Telecommuting (34070)
 Travel & Tourism (308304)
 UK Property Investment (3123)
 Video Games (13382)
 Web Traffic (11790)
 Website Design (56919)
 Website Promotion (36663)
 World News (1000+)
 Writing (35844)
Author Spotlight
MANMOHAN SINGH

Digital marketing professional with 8 years of experience. A good listner, Stratgist and fun loving ...more
LEMUEL ASIBAL

Lemuel Asibal is a web content writer who also ventures on writing articles and blog posts about any...more
TAL BARNEA

Tal is an electrical engineer with over 25 years of expertise with hardware, software, mechanical an...more
TUSHAR BHATIA

Tushar Bhatia is the Founder President of EmpXtrack Inc with over 19 years of experience in the soft...more
BRENDA PANIN

Passionate blogger and a great animal lover. ...more


Cheaper Long Term Care Insurance for the Young by Wanda Ford





Article Author Biography
Cheaper Long Term Care Insurance for the Young by
Article Posted: 03/06/2012
Article Views: 50
Articles Written: 45
Word Count: 516
Article Votes: 0
AddThis Social Bookmark Button

Cheaper Long Term Care Insurance for the Young


 
Insurance
People still confuse long term care insurance cost with long term care (LTC) costs and this is probably the reason many of them remain uninsured.

At the mention of long term care insurance (LTCI) majority of the population will quickly conclude that this product is only for the well-off because if the average American buys, it will cost his total annual income. Truth is, they are actually pertaining to the cost of care because a year’s stay in a nursing home’s private room will equate to the annual income of the average American which is $68,000 to $70,000.

At present, families with loved ones receiving care in a nursing home are spending between $77,745 to $120,000 on average. These numbers unfortunately only include the room which their loved ones occupy, their meals, certain medications, and the overall care that they are receiving from skilled nurses and physicians.

If an elderly or disabled individual in a nursing home wishes to buy new clothes and personal effects, these shall mean additional expenses so just imagine one’s total expenses if her basic living expenses and LTC expenses are consolidated.

Unthinkable, right?

Even in-home care will cost a lot of money especially if the individual who’s receiving it is unmarried and childless. Now those individuals who are living with their adult children have the option to hire a home health aide for a few hours daily to assist them with their activities of daily living (ADLs) such as eating, bathing, dressing, toileting, continence, and transferring. They can save on housekeeping, laundry service and other homemaker services since they are not left to themselves 24 hours.

Long Term Care Insurance Cost Individuals who secure LTCI policies can receive care in their choice of LTC settings without having to worry about their nest eggs. Instead of spending $70,000 or more annually for their LTC needs, they can save this chunk of money for other uses or even invest it for their family’s future.

While LTC is considered the biggest threat to people’s finances, LTCI policies serve as their only saving grace. However, not everybody who invests in an LTCI policy shall be spared from high annual premiums because one’s premium rate shall be based on his age at the time he acquired his policy.

Those who managed to acquire their policies at the age of 50, or even younger, are currently spending less than $800 annually for their coverage. On the other hand, those who waited until they’ve reached the age of 60 before clinching their policies are now paying an annual premium worth $800 to $1,200.

Aside from age, a buyer’s health is also a determinant of his annual premium. If a 60-year-old shows symptoms of a chronic illness or pre-existing conditions, his annual premium can reach $7,000 instead of going just a little over $1,000.

Given the fact that long term care insurance cost is higher for older folks, it is important to heed the advice of financial planners and LTCI specialists which is to secure your policy while you are young and in your heyday.

Related Articles - long, term, care, insurance, cost,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


TIM FAY

After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
ALEX BELSEY

I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
SUSAN FRIESEN

Located in the lower mainland of B.C., Susan Friesen is a visionary brand strategist, entrepreneur, ...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
SHALINI MITTAL

A postgraduate in Fashion Technology. Shalini is a writer at heart! Writing for her is an expression...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
JAMES KENNY

James is a Research Enthusiast that focuses on the understanding of how things work and can be impro...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2024, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license