Long Term Care Insurance

Do you have enough insurance?


Do you have enough insurance?

Many families are shocked to learn that Medicare may not pay the majority of nursing home bills. In fact, Medicare covers only brief, acute illnesses demanding skilled nursing or rehabilitation.

According to Genworth’s 2013 Cost of Care Survey, the yearly average nursing home cost for a semi-private room is more than $75,000.  This cost has increased almost 5% annually, and it could be more than $100,000 by the year 2023.

For many families, the exorbitant costs associated with nursing homes aren’t the only consideration. Simply deciding whether or not to insure a loved one against the costs of an extended nursing home stay is a stressful and confusing predicament. All too often, seniors or their families make the mistake of not seeking long-term care insurance until they need it. By that time, they are largely uninsurable.

Long Term Care Insurance continues to change and improve. Even the federal government is encouraging citizens, through the use of tax incentives, to invest in long-term care insurance.

Guaranties based on the claims paying ability of the issuing company.


Securities offered through LPL Financial, Member FINRA, SIPC. Insurance products offered through LPL Financial or its licensed affiliates. Investment Advisory Services offered through LPL Financial, a Registered Investment Advisor. Bank of Tennessee and BOT Investments are not registered broker/dealers and are not affiliated with LPL Financial.
Not FDIC Insured | Not Bank Guarenteed | May Lose Value
Not a Bank Deposit | Not Insured by Any Federal Government Agency
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