We are pleased to offer long term care (LTC) insurance through John Hancock Life Insurance Company. John Hancock is a highly rated company (A+ by A.M. Best) and a leader in the LTC market.
Three reasons to enhance your retirement plan with long term care insurance:
5% discount — As a member of your organization, you and eligible family members can receive a 5% discount on an individual long-term care (LTC) insurance policy through John Hancock. Depending on your health status, you can receive a discount of up to 40%.
The need is real — It’s estimated that 70% of people over age 65 will require some period of ongoing assistance or supervision, due to physical or cognitive impairments.
The cost for care is high — The national average cost for one year in a nursing home or 24-hour home care can exceed $94,000.
1 U.S. Department of Health and Human Services, National Clearinghouse for Long-Term Care Information, October 1, 2013, www.longtermcare.gov.
2 John Hancock 2013 Cost of Care Survey, conducted by LifePlans, Inc.