Long Term Care
In addition to devastating your finances-and your family's-the consequences of not planning ahead for long-term care can mean a poor quality of life in your later years. Although most individuals don't expect to ever need long-term care, more than 20 percent of all people over 65 will require it for more than five years. Especially now that nursing home costs are expected to exceed $148,000 per year in the next 20 years, long-term care insurance policies are becoming an increasingly important part of many people's long-term planning. PeoplesFinancial and Insurance Services can help you prepare for these potential major expenses, and protect your most important asset-your quality of life.
Sources:
- 2002 Field Guide, The National Underwriter Company, 2002
- AARP, 2002
- Assumes 5% inflation over the 20-year period
For more information, on our long term care solutions contact one of our PeoplesFinancial Services Representatives.
Disclosure
PeoplesFinancial and Insurance Services are available at 1936 Memorial Drive, Chicopee, MA 01020 and 7 College Street, South Hadley, MA 01075. For your convenience you can meet with our PeoplesFinancial Services Representatives at any other location by appointment only. Phone (413) 538-9500
Investment products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Insurance products are offered through Infinex Insurance Agency of Massachusetts, Inc. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States government and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
