What is Long Term Care Insurance?

Long Term Care Insurance is available through private insurance companies as a means for individuals and their families to protect themselves against the high costs of long-term care.

Long Term Care Insurance is expected to become one of the most sought-after benefits during this decade. The need for Long Term Care can arise out of illness, injury, or advancing age. Today, more and more people are stepping into the role of caregiver for a parent, spouse, older relative, or a friend. The financial pressures created by the high costs of Long Term Care can adversely impact your family, your career, and your life. Fortunately, City Bank has chosen to be part of the solution, by incorporating Long Term Care Insurance into your benefit program.

• Nursing home care can range from $35,000
  to $80,000 a year. The national average
  is currently $41,000 a year.⁸
  
  
• Home care averages $12,000 a year, and
  with the added cost of skilled help,
  is often much higher.⁹

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