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To learn if long-term care insurance can help protect your financial security
and retirement dreams — and to help determine if private insurance is a
sensible option — please review our simple 5-Minute Long-Term Care Needs Analysis.
Answering the questions on this form will not result in a determination of your eligibility for coverage.
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IMPORTANT: The 5-Minute Needs Analysis is completely optional and we do not capture your answers. This is a self-analysis. It is not an application for insurance and no offer of coverage is being made. If you want to review your answers to these questions and discuss your personal situation confidentially with one of our Long-Term Care Insurance Agents, please call 1-800-587-3279. If you already know you need long-term care coverage, simply click on Free Custom Quote Request Form to request your free, online Policy Comparisons & Quotes.
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Do I need private long-term care insurance?
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What is your net worth? |
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| GUIDELINE: If your net worth is between $100,000 and $2 million, you should seriously consider long-term
care insurance. |
| Click the button below for assistance in calculating your net worth. |
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How old are you?
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| GUIDELINE: It may be easier and less expensive to qualify when you are younger and healthier. The average age of new applicants is 58. Rates increase as you age. The sooner you apply the easier to qualify and the lower the cost. |
| Do you have a spouse, heirs or a
favorite charity? |
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Yes
No
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GUIDELINE: In addition to helping protect your financial independence, private long-term care insurance helps protect your assets. So, most people who purchase it do so
with the intention of safeguarding a portion of their nest egg for a surviving spouse or to pass on to a loved one or esteemed charity.
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Each applicant for
long-term care insurance goes through an
approval process called
"Underwriting". The underwriter must
determine your ability to remain
self-sufficient and live
independently.
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Am I eligible?
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| Have you been medically
diagnosed as having chronic memory loss, liver
cirrhosis, muscular dystrophy, Parkinson's
Disease, Alzheimer's Disease, senility or
dementia, or multiple strokes?
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Yes No
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Do you currently need a walker, wheelchair, oxygen, or kidney dialysis?
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Yes
No
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Do you currently need the ongoing assistance or
supervision of another person in performing any
of the following activities: Getting out of bed
or up from a chair, bathing, dressing, going to
the bathroom, controlling your bladder,
eating?
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Yes No
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GUIDELINE: Unfortunately, if you answer "yes" to any one of
the above 3 questions you may not be insurable. On
the other hand, answering "no" to
all three doesn't assure you'll be
accepted. The insurer will want to consider
the current status of your health, your
mental acuity and your medical history.
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IMPORTANT: Long-term care insurance comes
with a 30-day "free look". So
there's no risk or obligation to find out
if you qualify.
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How Much Coverage Do I Need? |
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What are the costs of long-term care in your area?
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Click the button below to find the average cost of care in your state. |
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GUIDELINE: Long-term care can be expensive. A one-year stay in a nursing facility costs an average of $77,745*. Nationally, assisted living facilities average over $35,500 per year*, while care at home with a home health aide, a popular alternative, averages $19.00 per hour.* If prices continue to increase at 5% per year, the average, the national average annual cost could top $250,000 in 25 years.**
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| (Sources: *MetLife Market Institute,The MetLife Market Survey of Nursing Home, Assisted Living Costs, October, 2007; **Kiplinger’s Retirement Planning 2007, Insurance for the long haul, Fall, 2007.) |
| How much of the potential
cost of long-term care do you want covered by
insurance?
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GUIDELINE: We recommend you
attempt to insure 80% to 90% of your
potential risk. Also, if you're younger
than 75, we recommend an inflation protection
option, if you can afford it.
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What Type of Policy Should I
Apply For?
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Which type of coverage would you prefer?
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Integrated (in-home care, assisted living/residential care facility, or nursing home care)
Facility only (assisted living/residential care facility and nursing home care)
In-home care only
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GUIDELINE: Most agents
recommend an "integrated plan". However, if this doesn’t fit your budget, consider a facility-only plan. Long-term care in a facility may represent your greatest financial risk, and a facility-only policy is typically less expensive. (Not available in every state.)
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| Do you have family members nearby who
could act as a support system in the event you
needed assistance?
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Yes
No
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GUIDELINE: If so, would they
be able to take care of you for an extended
period of time. And, more importantly, would
you want them to have that
responsibility?
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Now that you've completed our 5-Minute
Long-Term Care Needs Analysis, you should know if
private insurance makes sense for you.
If the answer is "yes", you'll
want to proceed now and request your free, online
Policy Comparison and Price Quote.
You'll instantly receive a complete,
up-to-date comparison and quote on up to three
high-quality, cost-effective policies selected
especially for you.
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