One of the greatest financial threats facing older adults is the cost of long-term care. Experts estimate that almost half of the people reaching the age of 65 will spend some time in a nursing care facility. While some will spend just a few months, more than half will spend two and half years or more.

At the average cost of $71,000 per person per year, this expense can decimate even the best-laid retirement plans. Long-term care insurance is one of the few affordable ways that average Americans can mitigate the cost of long-term care in the future.

Long-term care insurance and planning for a longer life and retirement should go hand-in-hand. Long-term care insurance generally makes sense for those with assets between $100,000 and $2 million. Those with less will exhaust their financial resources and become eligible for Medicaid. Those with more than $2 million can typically fund their own long-term care.

With more than 100 products in the marketplace, finding the right policy at the right price can be confusing. That’s why Longevity Alliance recently expanded its portfolio of products to include long-term care through the acquisition of Long-Term Care Quote. The 10-year-old company is a pioneer in helping consumers find the right policy at the right price by providing up to three quote comparisons from top-rated insurance companies.

Like other Longevity Alliance products, Long-Term Care Quote does not endorse a single company or plan, but provides consumers with options and the information they need to compare and choose the best plan for them.

Too many Americans have experienced the devastating cost of long-term care firsthand; and often they are forced to pay for it by selling family homes, taking second jobs or delaying retirement. Longevity Alliance is proud to now make long-term care insurance available to its customers.

Steve Zaleznick
CEO, Longevity Alliance

©Longevity Alliance, Inc. 2006