MetLife has had a dedicated LTCI division for approximately 25 years.  According to MetLife this will not impact existing insureds’ coverage.  As long as premiums are paid on time, coverage cannot be cancelled, however premiums for coverage can be raised on a class basis.

Many carriers have come in and out of the LTCI market.  Many have had to increase premiums on existing policies.  The fact remains that many Americans will need long-term care services and it can be very costly.

The last day to submit individual LTC applications for MetLife will be December 30, 2010.  If your application is signed and submitted on or prior to such date it will be processed as usual. 

If you need a long-term care insurance quote, please call us at 1-888-950-8376.  There are still many quality long-term care insurance companies committed to selling long-term care insurance.  You can also email us at info@insuranceglobe.net.

In all forms, long-term care can be costly.  The cost of long-term care could affect your ability to live your retirement the way you desire.  Let’s look at the average national costs for 2007 according to the U.S. Department of Health and Human Services – National Clearinghouse for LTC information, www.longtermcare.gov.  March 26, 2008.

• $2,714 per month for care in a one-bedroom assisted living unit.
• $74,825 per year for a private room in a nursing home
• $25 per hour for a Home Health Aide.

We may be able to help you to be prepared.

We can suggest some innovative ways to help protect your retirement assets and your retirement income from the costs of long-term care.

Call us today to learn more!

1-888-950-8376