Do women require Long Term Care Insurance?

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Financially strong A.M Best rated insurers with low complaint ratios related to claims will send you quotes directly and promptly. You may also have access to instant rate quotes, and side by side plan comparisons. The service is free, and comes with no obligation. Your privacy is our highest priority.

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Long Term Care Insurance & Preventing Dementia

Do women require Long Term Care Insurance

In the country of United States there lives many women who either do not possess any long term care coverage or have no knowledge about the necessity of such coverage in their lives. Even there are women do not understand the effect of long term care in their lives. This article has been written in order to inform the requirement of long term care insurance for women. Get to know about many truths and facts that were never heard before on long term care issues concerning women. All these facts and issues have been gathered from major surveys and researches that were conducted in this regard. After knowing these facts, if you feel the need for long term care insurance in your life and proceed to purchase one for yourself, then get to know various guidelines before purchasing such an insurance.

Several things on Long Term Care that must be know by a woman

There are many women who have very little knowledge on Long Term Care. Even though some women know about it but still it has been found out that they do not have access to each and every particulars about long term care. Below are mentioned some of the essential data about long term care which a woman should need to know and focus on:

  • The Economic Council Interagency Working Group on Social Security produced a report in the month of October, 1998 that showed that among those people who are above 85 years of age and reside in the United States; about 72% of the populace of this age group is women.
  • In the year 1998, the American Health Care Association has conducted a survey, which showed that 75% of the people who are required to stay in the nursing home mainly consist of women.
  • Running on the same line the CDC/NCHS National Nursing Home Survey conducted in the year 1999, found out that women require nursing home staying double than the time span as required by the men.
  • Many researchers have also come to the conclusion that in comparison to the men, women in their later ages are more prone towards residing lonely. When they grow old, they hardly have any relatives or spouse to look after their health and to offer them care at home. As per a survey conducted in the year 1998, showed that about 60% of women who are of the age group of 65 years or exceeding that were either unmarried, divorced or legally separated from their spouse, have become a widow etc when judged against 25 percent men of the same age group.
  • It has also been reported in the year 2002 as per a survey that 75% of the not paid people who were the family caregivers are women.
  • The American Health Care Association also remarked that 41% of the women who performed the role of caretakers were compelled either to give up their jobs or to take a permit for leave.
  • The National Alliance for Caregiving (NAC), MetLife Mature Market Institute and the National Center on Women and Aging conducted a joint research in the year 1999. It was found out that among the employed caregivers who formulated a modification for their jobs because of giving time for their caregiving tasks, most of these people were found to loose their income over an entire span of life. When all these lost income were added up as a whole to find the net loss of money, it amounted to a mean of $240,000.
  • It has been also found out through other surveys that those women, who work as caregivers, become poorer and face scarcity of money as they grow old.
  • The American Journal of Public Health has published a press release in the year 2002, in which it concluded that those women who offer care services to their spouse (who is affected with any sickness or disease), have a 6 time greater tendency to undergo depressive indications, when evaluated with those who were not required to perform the tasks of a caregiver.

It is very sorry to say that women are mainly seen to provide care to the men and seldom have we seen the reverse thing to happen. However it must be also considered that both men and women have to unreasonably put up with many of the physical, mental and fiscal pressures of long term care. We are often left with no other option but to incur lots of expenses for getting long term care services. It is though a matter of fact that, men face a higher risk of monetary loss than the women when it comes to long term care. But, still it has been found that mainly the women who are old, unmarried, divorced or widowed face a more probability of the loss of property and other fiscal resources in comparison to the men of the similar age group.

Most miserable news is that nearly 50% of the total population of women has remarked, that they are devoid of any long term care insurance or has not made any plans for receiving long term care services, if anytime the situation turns up. Even their family members are left unsecured. Thereby, it is very much important for all women to rethink about making possible arrangements for long term care not only for them but also for their family. If such an ardent step is not taken at the right time, women will not only loose their assets and other financial resources but will also put their health on a risk.

Keep certain things in mind before purchasing a long term care insurance coverage

Buying a long term care insurance policy is in fact one of the best ways to make planning for long term care. However, when purchasing such an insurance policy, there are several things that must be kept in mind by women. These are as follows:

  • There are many couples who decide to buy a single long term care insurance policy and receive coverage mutually. However, it is advisable that women purchase a separate long term care policy that offers an extended benefit period, which is longer than that of the policy owned by the husband. This is because; statistics proves that women require care services for an extended period of time than the men.
  • As there are many women who are involved as caregivers as the parents of their children and are also employed, should also plan long term care coverage for her entire family. This will save them from taking all possible hurdles in the mere future. Also, neither they nor any of their family members will have to face problems when they will require long term care.
  • While buying or selecting any long term care insurance policy, be sure that your chosen policy provides coverage for at-home care services and other substitutive care services. This is because when you will need long term care any time, you will have hardly any friends or relatives beside you to provide you care.

So as a woman, if you have actually learnt about the necessity of long term care for yourself, then immediately make the essential planning about long term care or switch to a long term care insurance policy. In case you are a man and have read this article, then be sure to get hold of long term care coverage for your wife or any other female relatives of your family. Remember, that it is better to get protection on time or you will be forced to suffer in agony and also sure to loose a lot of your money when you or your family members will need long term care.

ASSET PROTECTION

Help protect your savings from the costs of care NOT COVERED
by traditional insurances or Government programs, like Medicare.
It helps you choose where you receive care and avoid the nursing home!

OVERWHELMING STATISTICS
  • 40% receiving long-term care are working-age adults, ages of 18-64.*
  • About 70% over age 65 will need long-term care services in their
    lifetime. By 2020, this number is expected to exceed 12 million.*
WHY US?

Financially strong A.M Best rated insurers with low complaint ratios related to claims will send you quotes directly and promptly. You may also have access to instant rate quotes, and side by side plan comparisons. The service is free, and comes with no obligation. Your privacy is our highest priority.

DISCOUNTS AVAILABLE

Sample Long-Term Care Insurance Savings Opportunities

Up to 30% Spousal/Partner Discount

Up to 15% Preferred Health Discount

Up to 5% Small Business Discount

* Discounts are not cumulative and vary by state.

Find Local Doctors & Most Popular Plans

Financially strong A.M Best rated insurers with low complaint ratios related to claims will send you quotes directly and promptly. You may also have access to instant rate quotes, and side by side plan comparisons. The service is free, and comes with no obligation. Your privacy is our highest priority.

PLUS, Receive 2 FREE Books -
Long Term Care Insurance & Preventing Dementia

Do women require Long Term Care Insurance

In the country of United States there lives many women who either do not possess any long term care coverage or have no knowledge about the necessity of such coverage in their lives. Even there are women do not understand the effect of long term care in their lives. This article has been written in order to inform the requirement of long term care insurance for women. Get to know about many truths and facts that were never heard before on long term care issues concerning women. All these facts and issues have been gathered from major surveys and researches that were conducted in this regard. After knowing these facts, if you feel the need for long term care insurance in your life and proceed to purchase one for yourself, then get to know various guidelines before purchasing such an insurance.

Several things on Long Term Care that must be know by a woman

There are many women who have very little knowledge on Long Term Care. Even though some women know about it but still it has been found out that they do not have access to each and every particulars about long term care. Below are mentioned some of the essential data about long term care which a woman should need to know and focus on:

  • The Economic Council Interagency Working Group on Social Security produced a report in the month of October, 1998 that showed that among those people who are above 85 years of age and reside in the United States; about 72% of the populace of this age group is women.
  • In the year 1998, the American Health Care Association has conducted a survey, which showed that 75% of the people who are required to stay in the nursing home mainly consist of women.
  • Running on the same line the CDC/NCHS National Nursing Home Survey conducted in the year 1999, found out that women require nursing home staying double than the time span as required by the men.
  • Many researchers have also come to the conclusion that in comparison to the men, women in their later ages are more prone towards residing lonely. When they grow old, they hardly have any relatives or spouse to look after their health and to offer them care at home. As per a survey conducted in the year 1998, showed that about 60% of women who are of the age group of 65 years or exceeding that were either unmarried, divorced or legally separated from their spouse, have become a widow etc when judged against 25 percent men of the same age group.
  • It has also been reported in the year 2002 as per a survey that 75% of the not paid people who were the family caregivers are women.
  • The American Health Care Association also remarked that 41% of the women who performed the role of caretakers were compelled either to give up their jobs or to take a permit for leave.
  • The National Alliance for Caregiving (NAC), MetLife Mature Market Institute and the National Center on Women and Aging conducted a joint research in the year 1999. It was found out that among the employed caregivers who formulated a modification for their jobs because of giving time for their caregiving tasks, most of these people were found to loose their income over an entire span of life. When all these lost income were added up as a whole to find the net loss of money, it amounted to a mean of $240,000.
  • It has been also found out through other surveys that those women, who work as caregivers, become poorer and face scarcity of money as they grow old.
  • The American Journal of Public Health has published a press release in the year 2002, in which it concluded that those women who offer care services to their spouse (who is affected with any sickness or disease), have a 6 time greater tendency to undergo depressive indications, when evaluated with those who were not required to perform the tasks of a caregiver.

It is very sorry to say that women are mainly seen to provide care to the men and seldom have we seen the reverse thing to happen. However it must be also considered that both men and women have to unreasonably put up with many of the physical, mental and fiscal pressures of long term care. We are often left with no other option but to incur lots of expenses for getting long term care services. It is though a matter of fact that, men face a higher risk of monetary loss than the women when it comes to long term care. But, still it has been found that mainly the women who are old, unmarried, divorced or widowed face a more probability of the loss of property and other fiscal resources in comparison to the men of the similar age group.

Most miserable news is that nearly 50% of the total population of women has remarked, that they are devoid of any long term care insurance or has not made any plans for receiving long term care services, if anytime the situation turns up. Even their family members are left unsecured. Thereby, it is very much important for all women to rethink about making possible arrangements for long term care not only for them but also for their family. If such an ardent step is not taken at the right time, women will not only loose their assets and other financial resources but will also put their health on a risk.

Keep certain things in mind before purchasing a long term care insurance coverage

Buying a long term care insurance policy is in fact one of the best ways to make planning for long term care. However, when purchasing such an insurance policy, there are several things that must be kept in mind by women. These are as follows:

  • There are many couples who decide to buy a single long term care insurance policy and receive coverage mutually. However, it is advisable that women purchase a separate long term care policy that offers an extended benefit period, which is longer than that of the policy owned by the husband. This is because; statistics proves that women require care services for an extended period of time than the men.
  • As there are many women who are involved as caregivers as the parents of their children and are also employed, should also plan long term care coverage for her entire family. This will save them from taking all possible hurdles in the mere future. Also, neither they nor any of their family members will have to face problems when they will require long term care.
  • While buying or selecting any long term care insurance policy, be sure that your chosen policy provides coverage for at-home care services and other substitutive care services. This is because when you will need long term care any time, you will have hardly any friends or relatives beside you to provide you care.

So as a woman, if you have actually learnt about the necessity of long term care for yourself, then immediately make the essential planning about long term care or switch to a long term care insurance policy. In case you are a man and have read this article, then be sure to get hold of long term care coverage for your wife or any other female relatives of your family. Remember, that it is better to get protection on time or you will be forced to suffer in agony and also sure to loose a lot of your money when you or your family members will need long term care.

ASSET PROTECTION

Help protect your savings from the costs of care NOT COVERED
by traditional insurances or Government programs, like Medicare.
It helps you choose where you receive care and avoid the nursing home!

OVERWHELMING STATISTICS
  • 40% receiving long-term care are working-age adults, ages of 18-64.*
  • About 70% over age 65 will need long-term care services in their
    lifetime. By 2020, this number is expected to exceed 12 million.*
WHY US?

Financially strong A.M Best rated insurers with low complaint ratios related to claims will send you quotes directly and promptly. You may also have access to instant rate quotes, and side by side plan comparisons. The service is free, and comes with no obligation. Your privacy is our highest priority.

DISCOUNTS AVAILABLE

Sample Long-Term Care Insurance Savings Opportunities

Up to 30% Spousal/Partner Discount

Up to 15% Preferred Health Discount

Up to 5% Small Business Discount

* Discounts are not cumulative and vary by state.