A recent survey* reports that an overwhelming 61% of employees in the U.S. are concerned about outliving their retirement money; and rightly so.  An incredibly huge wave of Baby-Boomers is going to live a very long time due to advances in modern medicine, but as they age there is a 50% chance they will require some sort of long term care such as in a nursing home or an assisted living facility. 

You may have seen this happen with an elderly family member who depleted their life-savings paying for some form of care due to Alzheimer’s disease or other impairment precluding independent living; not a pretty picture.  And with the national average cost of nursing home care at nearly $80,000 per year…and projected to triple in 20 years, what will you do to insure you can afford the quality care you and your family members deserve?

Group Long Term Care (LTC) insurance helps protect life savings, preserve independence, and provides peace of mind.  Offering it to your employees makes great business sense because through group coverage the qualification process is simplified, the benefit is extended to spouses/parents/in-laws/siblings, it is funded by employees unless otherwise desired, and is less expensive than purchasing an individual policy.

*Study of Employee Benefits Trends, 7^th Annual, 2009, MetLife, Inc.