Lincoln Financial Group Supports Long-Term Care Planning Month

According to U.S. Department of Health and Human Services, at least 60% of people over age 65 will require some form of long- term care services during their lives. And, that care will be expensive. In 2006, the average national cost of nursing home care was $171 per day or $62,415 per year for a semi-private room and $194 per day or $70,810 per year for a private room. The month of October is designated as Long-Term Care Planning Month to highlight the skyrocketing costs of healthcare and the need to protect yourself and your family. Lincoln Financial Group is leading the charge to educate Americans about the importance of planning to meet the expenses of long-term care and the many new options available to them. Purchasing a policy with long-term care coverage can offer protection from unexpected challenges to you retirement income security such as chronic illness or disability to ensure a sufficient nest egg for retirement.

Lincoln Financial Group Supports Long-Term Care Planning Month
Source: PR Newswire