Posted on Tuesday, September 25, 2012 at 11:12 am CDT
The average life expectancy for Americans is 78.5 years according to the Center for Disease Control and Prevention. As one ages, the risk of needing long term care also increases. According to LTC Partner, one year of long term care today will run approximately $87,000. If one uses estimates provided by the American Association for Long-Term Care, 52% of Americans will need a minimum of one year of long term care after the age of 65. Another 17% will need one year or less of long term care.
Source: LTC Partner