LONG-TERM CARE
INSURANCEWho Needs Long-Term Care?
In the year 2004 about seven million men and women over age 65 needed long-term care. (HIAA, “A Guide to Long-Term Care Insurance”, 2004);
By 2006, the number will increase to nine million.
By 2020, 12 million older Americans will need long-term health care.
Family and friends are the sole caregivers for 70% of elderly people and most will be cared for at home.
People age 65 or older face at least a 40% lifetime risk of entering a Nursing home.
10% will stay more than five years.
22% of people over age 85 are in a nursing home.
Women, because they outlive men, face a 50% greater likelihood of entering a nursing home after age 65.
F. Darrell Lindsey
Financial Planner
U.S. Licensed Agent/Broker
