Insurance & Alternative Solutions, LLC.

Extreme Retirement Dilemma

An Estate Preservation Strategy

Long-Term, Custodial or Extended Care in your Home or Facility

Prepare for your aging years to reduce the expense and burden of long-term care on your loved ones.

You want to live out the last days of your life as comfortably and with as much dignity as possible. Whether you prefer home health care or living in a nursing home, preparation can reduce the expense and burden of long-term care on your loved ones.

This type of care requires assistance with activities of daily living (ADL) or a severe cognitive impairment.

  • Bathing

  • Eating

  • Dressing

  • Transferring

  • Toileting

  • Continence


Did You Know - Facts & Figures

  • 70% - An American turning 65 today has an almost 70% chance of requiring LTC services in their lifetimes.

  • 20% - And of those needing care, 20% will need it for longer than five years.

  • 2.2 years 1 - Average length of LTC need for Men

  • 3.7 years 1 - Average length of LTC need for Women

  • 8 years 2 - Average length of LTC event for an Alzheimer's diagnosis

  • 6.2 million Americans age 65+ that have Alzheimer's disease in 2021

  • 12.7 million Americans 65+ projected to live with Alzheimer's by 2050


Source: https://acl.gov/ltc/basic-needs/how-much-care-will-you-need. Last modified: 02/18/2020Source: 2021 Alzheimer’s Disease Facts and Figures. Alzheimer’s Association.

https://www.alz.org/media/Documents/alzheimers-facts-and-figures.pdf. Published 2021.Resources:

1“How Much Care Will You Need?” LongTermCare.gov. U.S. Department of Health and Human Services. https://longtermcare.acl.gov/the-basics/howmuch-care-will-you-need.html. Last modified 10/15/2020.

2Alzheimer’s Association. 2020 Alzheimer’s Disease Facts and Figures. Alzheimer’s Dement 2020;16(3):391+.

Association. https://www.alz.org/media/Documents/alzheimers-facts-and-figures.pdf

Potential Impact on Siblings

  • Get the most amount of coverage at affordable prices

  • Cover specific items like house payments or educational expenses

  • Supplement permanent life insurance as needed

  • Permanent life insurance is lifetime coverage with the potential to build equity and has more options for flexibility.

Potential Impact on Spouses

There are two main types of life insurance categories available: term life insurance and permanent life insurance.

Term life insurance is an easily affordable coverage set for a specific time frame, which is typically 10 to 30 years. Permanent life insurance, by contrast, offers lifetime coverage with the potential to build equity (otherwise known as cash value) and options for more flexibility. Many people choose to supplement their permanent insurance with term insurance.

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