75% of people over age 65 will eventually need long-term care.
Long-term Care is insurance that helps with medical and non-medical needs for those with a chronic illness or disability. It provides coverage in the event that your client may someday not be able to take care of themselves. Long-term Care insurance helps cover costs for care providers and support services.
The national annual median cost for a private nursing room home is a staggering $104,137. It costs $91,454/year for a semi-private room. In-home health aides charge on average, $55,941/year. It will cost your client $56,697/year to be in an assisted living facility and an adult day care center can set them back $25,200/year.
The national annual median cost for a private nursing room home is a staggering $104,137. It costs $91,454/year for a semi-private room. In-home health aides charge on average, $55,941/year. It will cost your client $56,697/year to be in an assisted living facility and an adult day care center can set them back $25,200/year.
Mutual of Omaha Insurance Company's Cost-of-Care Study conducted by LTCG, 2018; released in April 2019
Long-term Care Factors >LTCi Needs Calculator >Mutual of Omaha Cost of Care Study 2018 >How Much Care Will You Need > |
What Care Costs >Enter code "lincoln" to view data.
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National Average Yearly Cost
for a Private Nursing Home Room
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National Average Yearly Cost
for an In-Home Health Aide
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National Average Yearly Cost
to be in an Assisted Living Facility
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The Typical Long-term Care Buyer
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Female, Caucasian, age 55 to 64
Married with adult children Working in a white-collar profession; not yet retired College educated Living in a metropolitan area with a population of at least 250,000 A homeowner with 11 or more years in the current residence Affluent; upper middle class with a household income of $100,000 or more A “planner” who is interested in financial issues; owns life insurance and other conservative investment products Family oriented Exposed to LTC issues; knows someone (a family member or friend) who has needed LTC services Research oriented; an online user; self-educated about LTCi Generally skeptical and mistrusting of financial advisors and insurance companies Source: Mutual of Omaha LTCi Consumer Study
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LTC Partnership Training is required prior to submitting applications.
Visit our Education & Training page for certification options.
Long-term Care Carriers We Represent
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