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What is the Average Cost for Long Term Care?

April 26, 2017average COST Insurance term

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What is the Average Cost for Long Term Care?

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How much does long term care insurance cost? The sad fact is that most people don’t know the answer to that question. But a solution is available. As baby boomers leave their careers behind, long term care insurance will become very important in their financial strategies. The reasons to get an Long Term Care policy after age 50 are very compelling. Your premium payments buy you access to a large pool of money which can be used to pay for long term care costs. By paying for Long Term Care out of that pool of money, you can preserve your retirement savings and income.