My Math on Why I bought
Jan 12
Thinking ahead is always a good plan, especially when it comes to Long Term Care (LTC). I had researched this topic back in my 40’s and found the following facts of interest:
Most people who need LTC usually are in their mid-80’s.
Those that are admitted into a care facility such as a nursing home or senior housing facility stay an average of 3 to 4 years before their demise.
The costs of care from independent living to assisted living to memory care (the continuum of care) can run upwards of $7,000 to $10,000 per month.
The math behind the cost of LTC shows that making upwards of 30 or 35 years of premium payments will be “earned back” within six months or so of entry into a facility. In other words once our family agreed to purchase LTC at the age of 50 we would breakeven on 35 years of premiums within six months of staying at a facility and all future expenses will mostly be covered by a LTC policy.
The benefit of having a LTC policy is that this will cover your care expenses and leaves your assets intact for your heirs. A very critical part of a financial plan is thinking long term and covering your exposure with insurance from car to health to disability to long term care to name a few.
Research online, talk to experts and do the math. I believe it is one of the best plans you can put in place for your family.
About SaverNotes, LLC
Headquartered in Eden Prairie, MN., SaveNotes, LLC provides a unique alternative to stocks, bonds and CD’s by providing fixed income with high return, while remaining easy to invest.
SaverNotes pays interest to its investors based on a variety of available investment amounts and maturity dates. SaverNotes have no fees or expenses and are available for any Minnesota investor. Current rates range from 3.00% to 6.00% based on terms of two to five years. Investors can also invest through their IRA account.
| Regular | $2,000 + |
| IRA | $25,000 + |
| Term | Interest Rate |
| 2 Year | 3.00% |
| 3 Year | 4.00% |
| 5 Year | 6.00% |
Learn about how this investment fund was made possible through our investment partnerships and our experienced legal, wealth management, banking and accounting advisors at www.SaverNotes.com.