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-- Johnson used first -- and what kind of unexpected turns life can take my mother at age 91 is still fine.
But my -- 3857.
Was suddenly struck with severe encephalitis and nearly died.
And for recovery.
A long recovery she needs to stay in a long term care facility which can be enormously expensive.
Ten years ago -- -- her mother and sister -- purchased long term care insurance.
-- Kara Richards is really just the protection -- -- some would purchase.
That would provide for.
You're -- coverage private duty nursing.
Or home health care or some type of coverage it will require someone to attend a year needs -- concerns.
Depending on the.
Planned long term care coverage pays out a date amount that can be used to assisted living facilities nursing homes and even home health care aides.
Anthony dominant even managing principal of associated benefit consultant.
Per basic simple.
Program that would cover forty year old for 200 dollars today and -- and find your benefit.
From a quality carrier with good provisions the average premium is in the vicinity of about.
18100 dollars a year to 2000 -- here.
Like any insurance policy -- ice cream and potential benefit against that cost.
The reality is is that you can get.
Nursing home coverage -- Medicare.
For free as part of your government program.
But the government has right to take back your assets as a result of what they -- it out if you have certain assets.
And that may just turn your children and they also puts you to a facility that they -- Each year we asked ourselves.
Is it really worth the premium -- we save that money.
We thought of all the things that we could do.
Instead or perhaps that may be that money would we could self insure ourselves.
But now that we've seen what could happen.
All that money going into the premiums was nothing compared to what we would have had to -- Johnson estimates it would -- cost eighty to a 100000 dollars at a for families own resources to pay for her sister's care last year.
A far cry from the 3200.
Dollar annual premium she paid for long term care insurance before falling ill.
Long term care policies are typically sold in two year five year seven year and lifetime benefit packages.
Out of lifetime benefits are typically more expensive.
Johnson says he can't put a price on peace of mind.
Luckily -- the option that we -- for our long term care insurance.
Provides for a lifetime coverage we chose not to take the five year -- we had the lifetime coverage.
So she will be able to use this -- -- old age or hip replacement more for her current recovery.
I'm Catherine temple.
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