Women More Likely To Be Planners
Do women better understand the consequences of being uninsured?
More women than men purchase long term care insurance. Does this mean women are smarter? It might mean that women are more likely to be planners than gamblers (which may mean they're smarter).
Q: Why are women the biggest advocates of long term care insurance?
A: They know the emotional, physical, and financial cost of long term care. The toll that long term care takes on families can be great and the consequences devastating. Women are also more likely to be caregivers.
Famous female financial advisors such as Terry Savage, Sue Stevens, and Suze Orman have written many articles on long term care insurance. Other well known and highly respected financial advisors who recommend LTC insurance are Ray Martin of CBS, Marshall Loeb, and Rob Black to name a few.
Q: Are women more at risk than men?
A: Statistically yes, women outlive men but each person is different. Strokes and heart disease kill twice as many women as breast cancer. More than 30% of strokes occur in women before the age of 65. If you were to have a stroke tomorrow is your long term care planned for? Your change of health doesn't have to be debilitating, it might just make you uninsurable.
Q: Isn't long term care insurance expensive?
A: You should only insure if you have assets and income to protect. Would you rather pay $300 a month ($3600/yr) for insurance or $200 a day ($72,000/yr) out of pocket for care? (averages)
Get more information on this web page Women and Long Term Care and find out how much LTC insurance will cost get a quote. Also read Kiplinger LTC Workbook (pdf).
It is estimated that over 10 million businesses in the U.S. are owned by women. If you are a business owner you owe it to yourself, your business, and your employees to see what advantages there are for insuring for long term care. See LTC Tax Guide
For more information on Business LTC plans.
If you have any questions to ask an advisor yourself call 1-888-582-2464.
Our advisors are not salesmen in the traditional sense, they are considered "field underwriters" whose job it is to determine if you can pre-qualify for long term care insurance and to answer all of your questions to help you determine if this insurance is affordable and appropriate for you.
Also:
Women Bear Greater Share of Long Term Care Risks and Costs
