True or False?

BenchTop Long-term care insurance is something you should consider purchasing as part of your retirement plan. You may need the coverage when you get older.
True and False. Purchasing long-term care as part of your retirement planning is a wise decision, but not necessarily for the reasons you think.
The majority of beneficiaries receiving long-term care are 65 or older, but 37% are younger than 65*

An accident or illness can create the need for assistance with the activities of daily living at any age, just as chronic illness or cognitive impairment can create the need in old age. Without long-term care insurance, the prolonged expenses associated with care can quickly deplete life-long savings earmarked for retirement.

As with life insurance, premiums for long-term care coverage increase with age.

Your Scirocco representative can help you determine if long-term care insurance is right for you.

* Henry J. Kaiser Family Foundation, “Kaiser Commission on Medicaid and the Uninsured,
July 2006, with data from CMS National Health Accounts,” 2006.