"The term long-term care encompasses the organization, delivery, and financing of a broad range of services and assistance to people who are severely limited in their ability to function independently on a daily basis over a relatively long period of time(i.e., 90 days or more). Functional dependency can result from either physical or mental limitations and is defined in terms of inability to perform essential services of daily living(ADLs), such as eating, bathing, dressing,using the toilet, getting into or out of the bed, and moving about the house, or activities necessary to remain independent, known as instrumental activities of daily living(IADLs), such as shopping, cooking,doing laundry, managing household finances, and housekeeping."[Refer to California Long-Term Care Insurance by Thomas W.Orr ] 

There's a good chance that you may need to pay for nursing home, assisted living or, home health care one day. In fact, more than half of the U.S. population will require long-term care at some point in their lives.

In California, just one year in a nursing home can cost between $35,000 and $80,000. The cost will increase if a higher level of skill is needed. In 2002, the annual average for long-term care in California was $51,000.

It is not unusual to see someone losing entire lifetime of savings in long-term care.

If you're concerned about being financially secure during your retirement years, you owe it to yourself and your loved ones to protect yourself against what could be the greatest threat to your financial security, the cost of long-term care.

To get information on the terms involved in LTC, please click on LTC Glossary. Our services are no cost and no obligation to you. Contact us to custom make a Long Term Policy for you or your loved ones.

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