Long-Term Care Insurance Needs Analysis

Understanding Your Coverage Requirements

Our comprehensive needs analysis helps determine the right amount of coverage based on your specific situation, location, and financial goals.

Key Factors We Consider

Regional Cost Variations

• Nursing home costs: $80,000 to $200,000+ annually
• Higher costs in Northeast and Coastal California
• Local assisted living facility rates
• Home care cost trends in your area

Personal Risk Factors

• Age and health status
• Family health history
• Retirement timeline
• Family support system
• Lifestyle preferences

Critical Statistics

Risk Assessment

• 45% of Americans over 65 will spend time in a nursing home
• Increasing longevity due to medical advances
• Rising care costs exceeding general inflation
• Regional cost variations up to 250%

Daily Benefit Analysis

Determining Your Ideal Coverage

• Regional cost assessment
• Typical range: $100-$250 daily benefit
• Inflation consideration
• Gap analysis with other resources

Common Coverage Mistakes

• Over-insurance due to inflated cost projections
• Under-insurance from outdated cost data
• Improper inflation protection selection
• Misaligned elimination periods

Trigger Points for Benefits

Activities of Daily Living (ADLs)

Coverage typically triggers when assistance is needed with 2 of 6 ADLs: 1. Eating 2. Bathing 3. Dressing 4. Toileting 5. Transferring 6. Continence

Cognitive Impairment

• Alzheimer's coverage
• Dementia care needs
• Supervision requirements
• Safety considerations

Financial Considerations

Tax Implications

• Premium deductibility options
• Age-based deduction limits
• Tax-free benefits
• Business owner advantages

Cost-Benefit Analysis

Example Case Study:

• Premium paid: $12,000 (over 6 years)
• Potential benefits: $2,190,000
• ROI potential in claim situation
• Asset protection value

Protection Strategies

Partnership Programs

• Asset protection benefits
• Medicaid coordination
• State-specific requirements
• Estate planning integration

Coverage Options

• Traditional policies
• Hybrid policies
• Shared care benefits
• Inflation protection choices

Our Analysis Process

1. Initial Assessment

• Current health evaluation
• Family medical history review
• Financial resource analysis
• Care preferences discussion

2. Cost Analysis

• Local care cost research
• Future cost projections
• Income gap evaluation
• Asset protection needs

3. Benefit Design

• Daily benefit calculation
• Elimination period selection
• Benefit period optimization
• Rider recommendations

4. Carrier Selection

• Financial strength comparison
• Premium stability history
• Claims payment record
• Policy feature analysis

Getting Started

Ready for your personalized needs analysis? Our process includes:

1. Comprehensive Questionnaire

   • Health information
   • Financial goals
   • Care preferences
   • Budget parameters

2. Personal Consultation

   • Review findings
   • Discuss options
   • Answer questions
   • Develop strategy

3. Custom Recommendation

   • Tailored coverage design
   • Multiple carrier options
   • Premium comparisons
   • Implementation plan

Request Your Free Needs Analysis

Contact our team to begin your personalized long-term care planning process.

Our needs analysis helps ensure you get the right coverage – not too much, not too little – at the best available price.