Long-Term Care

Long-term care refers to a variety of services a person may receive to meet their health and personal needs over an extended period of time. According to the Department of Health and Human Services, about 70% of individuals over age 65 will need some type of long-term care services during their lifetime. In this video, an advisor with the Commonwealth Financial Group, Jennifer Blanchard, talks about what long-term care covers, the costs associated with it, and long-term care insurance.

For more information visit: www.commonwealthfg.com

Sources:

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1.Genworth Financial 2008 Cost of Care Survey; April 2008
2. Employee Benefit Research Institute Study; May 2008, EBRI Issue Brief #217; Paperback, 28 pp.; Employee Benefit Research Institute, 2008.
3. The 2008 Sourcebook for Long-Term Care Insurance Information; American Association for Long-Term Care Insurance, 2008.