March 11, 2010 • Page Image 34
…BUSINESS & PROFESSIONAL Long-Term Care Insurance: The Basics L ong-term care, while not inevi- table, is a possibility for millions of Americans. In fact, the American Society on Aging estimates that Americans who are age 65 and older have a 70% chance of requiring long term care. (1) Long-term care can be very expensive. A recent survey revealed that the average annual national cost for nursing home care is over $70,000. Depending on where...…

















































