New Annuity Offers Incredible Long-term Care Benefit -- Up to 560% of Your Initial Deposit
You likely will live much longer than previous generations of Americans but that increased longevity will come at a high price.
The statistics are frightening. According to the Wall Street Journal, if you are 65 or older, you have a 69% chance of needing some type of Long Term Care. For every one person receiving long-term care in a nursing home, there are 4 people receiving home health care. The principal payment source for home health care services is Medicare.
Unfortunately, Medicare will only pay for home health care if it is considered “skilled care,” which accounts for only 5% of all home health care. Medicaid (the government’s health-care welfare program) pays about 43% of overall long-term care costs. But to qualify, most people spend their entire “nest egg” first – losing their lifetime of savings. Without proper planning, you may be forced to rely on family, friends or the government to pay for long-term care services.