What Is Your Life Span? Ask The Calculator
Life Span Calculators Can Predict How Long You Will Live
One of the most frequest questions from individuals calling the Association is "what's the real probability I'll really need long-term care?".
To be honest, many of the statistics thrown around are irrelevant and misleading. They do scare people into understanding there is a risk - and that's good. But I personally do not believe in scaring people with irrelevant facts.
After over 20 years of studying long-term care and long term care insurance issues, here are some real facts.
Most long term care insurance claims begin after a person reaches age 70. According to annual studies by the American Association for Long-Term Care Insurance, 22.7% of new claims begin between ages 70-79. Just over two thirds 67.4% of all new long-term care insurance claims begin after age 80.
IF YOU LIVE A LONG LIFE -- CHANCES ARE ENORMOUSLY HIGH THAT YOU WILL NEED LONG-TERM CARE. That's the fact that is most relevant to you.
Long-term care insurance planning must begin however while you are still able to health qualify -- typically between your mid-fifties and mid-sixties.
This webpage contains some links to life span calculators that can help predict how long you may live. After you do the calculation, I'd like to urge you to get a free quote for long term care insurance costs from one of our members. There's no cost and never any obligation. The links are just before the information begins. Thank you.
Jesse SlomeExecutive Director
American Association for Long-Term Care Insurance
JUST STARTING OUT - Learn more about the subject by reading 3 consumer guides which previously appeared in Kiplinger's Personal Finance magazine. Great tips on reducing long term care insurance costs and more.
Click here: Read 3 Long Term Care Insurance Informational Guides (No sign in info required).
COMPARE BEFORE YOU BUY - Make sure you're getting the most coverage for the fewest dollars. Request a free no-obligation comparison quote from an Association member.
Click here: Get A Comparison Long-Term Care Insurance Quote .
What's Your Life Span? Ask The Calculators.
To help individuals plan their financial future as well as to see the impact of important lifestyle changes, a number of great online calculators will now help you predict your life span.
The most basic calculators will ask some simple questions like your gender and birthdate. More complex ones (the ones we tend to prefer) ask more questions related to those factors which influence how long we will live.
We'd like to offer a few caveats. First, no calculators can predict what will actually happen to you. The best they can do is provide some general assessment based on the law of large numbers. Out of 1,000 people just like you, here's the average lifespan. So your actual life span could be shorter or longer ... much shorter (sorry) or much longer.
But it is worth taking a few minutes because it may surprise you to see how long you may actually live. Then, the all-important question to ask is ",strong>"am I prepared financially for the risks that may result from living a long life?".
LivingTo100.com
This calculator asks dozens of questions about many things from family longevity to how often you eat red meat. Frankly it is one of the better ones we have found and only takes a few minutes to use. They will require that you provide your email address at the end in order to get the results of all of your information.
Click here: to access the Living To 100 calculator.
A second calculator that does not require any personal information can be accessed at lifespancalc.com.
The 100% Smartest Move You Can Make Now
Once you understand you have a risk, the smartest move you can make is deciding how you will handle it. Long-term care insurance requires that you apply when you are in good health.
Take a minute to request our no-obligation quote. Let a professional answer your questions and explain what coverage costs.
JUST STARTING OUT - Learn more about the subject by reading 3 consumer guides which previously appeared in Kiplinger's Personal Finance magazine. Great tips on reducing long term care insurance costs and more.
Click here: Read 3 Long Term Care Insurance Informational Guides (No sign in info required).
COMPARE BEFORE YOU BUY - Make sure you're getting the most coverage for the fewest dollars. Request a free no-obligation comparison quote from an Association member.
Click here: Compare Long Term Care Insurance Costs Quote .
WHO ARE THE LEADING LONG TERM CARE INSURANCE COMPANIES? Make sure you're getting the most coverage for the fewest dollars. Request a free no-obligation comparison quote from an Association member.
Click here: to see ratings and information for Leading Long Term Care Insurance Companies .
Click here to return to the LTC Learning Center and read about ways to save, insurance company ratings, tax deductibility and more.
Click here to return to the home page pf the American Association for Long-Term Care Insurance.
