Long Term Care Insurance from MAGA Ltd. Protects Families from Skyrocketing Costs
Long term care costs for seniors continue to escalate, according to research by leading insurance providers. National averages in 2015 range from almost
A typical client study illustrates the importance of planning for long term care. Ruth is a 97 year old great-grandmother who purchased an LTCI policy 18 years ago at her son's urging. Three years ago, still living independently, she recognized that she needed help with her activities of daily living. She made the decision to move into an assisted living facility, toured a number of them with her family, and chose a very highly-rated local facility. She moved into a studio apartment there and began collecting LTCI benefits.
Last year, she was diagnosed with dementia. She was moved into the facility's dementia unit, where she receives round-the-clock care. She continues to receive LTCI benefits. The current cost of her care is
Assuming she continues to collect benefits, she will have collected
To learn more about the importance of LTCI in personal financial planning, visit http://www.magaltc.com.
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Now marking its 40th anniversary,
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