LTCI Cost of Waiting  

What is the cost of waiting to buy long-term care insurance?

There is a time-honored phrase related to long-term care insurance and it goes like this: "Your money pays for long-term care insurance, but your health buys it."

As one ages, the risk of not being able to qualify for long-term care insurance may increase due to deteriorating health.

In addition to the risks of health problems as we age, the dollar cost of long-term care insurance rises dramatically because the insurer has less time to accumulate sufficient reserves to cover its part of the risk.

     

What is your current age?

What is the annual premium for a long-term-care policy at your current age? (If you do not know the premium, see your insurance professional for a complimentary quote.)

$

If you delay purchasing long-term care coverage now, at what age might you buy it in the future?

At what age do you anticipate requiring long-term care benefits?

 
   
   
DERRICK FINANCIAL GROUP - Insurance, Investments, Financial Services
1831 Forest Dr Suite K • Annapolis, MD • 21401
Phone: 301-261-1595 or 410-263-9708 • Fax: 410-263-2709
• charles_l_derrick@glic.com

Charles Richard Derrick, Registered Representatives of Park Avenue Securities, LLC (PAS).  Securities products and services are offered through PAS, 954 Ridgebrook Road, Suite 300, Sparks, Md.  21152, 410-828-5400.  Field Representatives, The Guardian Life Insurance Company of America, New York, New York.  PAS is an indirect, wholly-owned subsidiary of Guardian.  Derrick Financial Group is not an affiliate or subsidiary of PAS or Guardian. 

Stephen Lee Derrick and Charles Lee Derrick, Registered Representatives and Financial Advisors of Park Avenue Securities, LLC (PAS).  Securities products/services and advisory services are offered through PAS, a registered broker-dealer and investment advisor, 954 Ridgebrook Road, Suite 300, Sparks, Md.  21152, 410-828-5400.  Field Representatives, The Guardian Life Insurance Company of America, New York, New York.  PAS is an indirect, wholly-owned subsidiary of Guardian.  Derrick Financial Group is not an affiliate or subsidiary of PAS or Guardian. 

PAS is a member FINRA, SIPC.

The information on this site is intended for the residents of DC, KY, MA, MD, ME, NC, PA, and VA.  The financial representatives of Derrick Financial Group are not licensed to sell insurance in all 50 states.  To find out if an agent is licensed in your state, please contact Lee Derrick at 410-263-9708.

Registered Representatives securities licensed in DC, KY, MA, MD, ME, NC, PA, and VA.  This website is strictly intended for individuals residing in those states.  No offers may be made or accepted from any resident outside these specified states.

 

Neither Guardian, nor its subsidiaries, agents or employees provide tax or legal advice.  You should consult your tax or legal advisor regarding your individual situation.

 

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The information or opinions contained in this Internet site should not be construed by any consumer and/or prospective client as an offer to sell or the solicitation of an offer to buy any particular investment product. The information contained herein is directed solely to those individuals who reside in jurisdictions in which the representative is registered in the state where the consumer and/or prospective client reside. Any subsequent direct communication with a consumer and/or prospective client shall only be conducted by a representative that is registered in the state where the consumer and/or prospective client reside.

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