Ready for a Reality Check?
Check out these common misperceptions on long term care insurance:
Perception | Reality |
|
It's too expensive | Your biweekly premium at age 40 could be as low as $30.05.* |
|
It's only for older people | An estimated 40% of people receiving long term care services are between the ages of 18 and 64.** |
|
I can always buy it later | You may have an accident or develop a serious health condition that disqualifies you for the insurance. And your premiums will be higher if you wait. |
* Biweekly premium for the Federal Long Term Care Insurance Program, based on a Comprehensive Plan with a $150 daily benefit amount (DBA), 3-year benefit period, 90-day waiting period, with automatic compound inflation option.
** Long Term Care Insurance - Baby Boom or Bust?, Conning & Company, 1999, page 13.
Don't be misled. Base your decision to apply for the Federal Long Term Care Insurance Program on the facts!
"It's time to take a look at this opportunity to plan for the future. Get the facts!"Be smart! Call 1-800-LTC-FEDS (1-800-582-3337) (TDD: 1-800-843-3557) or visit www.LTCFEDS.com for a free Open Season Information Kit and application!
The Federal Long Term Care Insurance Program
Sponsored by the U.S. Office of Personnel Management
and Offered by John Hancock and MetLife
The Federal Long Term Care Insurance Program is administered by Long Term Care Partners, LLC, and offered by:
John Hancock Life Insurance Company, Boston, MA 02117
Metropolitan Life Insurance Company, New York, NY 10010