Protection is the Foundation for Your Wealth Enhancement
You or your spouse may someday need assistance with the basics of living. The phrase, "long term care" is used to describe assistance with daily activities including: dressing, bathing, eating, moving from place to place, and using the bathroom. Long term care can take place at home, in an assisted living facility, in a nursing home, or in the community through special programs, but no matter how or where it takes place, it can be expensive (anywhere from –2500/month to 7.000/month.)
• People representing the segment of 65+ will total 40 million people by 2010.
• Life expectancy for someone who is 65 today will be an additional 16.8 years for men and 19.8 years for women.
• Total spending on Long Term Care was 207 billion dollars representing payments to over 10 million people.
• Nursing homes have over 13 million residents. 9.8 million are female and 3.3 million are male.
• 7 out of 10 people over 65 years old will need Long Term Care assistance. Over 20% of those will need help for more than 5 years.
• 7.6 million people receive care at home.
• Over 3.5 billion dollars in benefits were paid in 2007
Source: 2008 Sourcebook for Long Term Care insurance information American Association for Long Term Care Insurance.
Call Pacific Advisors to find out more about the long-term care solutions currently available.
Jeffrey Schwartz is a Registered Representative of and offers securities products and services through Park Avenue Securities LLC (PAS), 1550 W. Colorado Blvd., Pasadena, CA 91105 (323) 255-8800. Financial Representative, The Guardian Life Insurance Company of America (Guardian), New York, NY. PAS is an indirect, wholly owned subsidiary of The Guardian Life Insurance Company of America (Guardian), New York, NY. Pacific Advisors, Inc and. Guardian / Executive Benefits Insurance and Financial Services is not an affiliate or subsidiary of PAS or Guardian. Insurance Products offered through Pacific Regional Insurance Services, a DBA of Pacific Advisors, Inc. Pacific Advisors, Inc. is not an independent registered investment advisor.
Jeffrey Schwartz is licensed to sell insurance in the states of California, Washington, Arizona, Florida, and Oklahoma. California Insurance License No. 0647683
Jeffrey Schwartz is licensed to sell insurance in the states of California, Oregon, Arizona, Colorado, and Pennsylvania. Jeffrey Schwartz is licensed for securities in California, Oregon, Washington, Arizona, and Florida.
California Insurance License No. 0647683.
Neither Park Avenue Securities, Guardian, nor their representatives render legal or tax advice. Please consult
with your attorney, accountant, and/or tax advisor for advice concerning your particular circumstances.
The Registered Representative is securities licensed in Arizona, California, Florida, and Washington and is strictly intended for individuals residing in those states. No offers may be made or accepted from any resident outside these specified states.
The information or opinions contained in the Internet site should not be construed by any consumer and/or prospective client as an offer to sell or the solicitation of an offer to buy any particular investment product. The information contained herein is directed to those individuals who reside in jurisdictions in which the representative is registered in the state where the consumer and/or prospective client reside. Any subsequent direct communication with a consumer and/or prospective client shall only be conducted by a representative that is registered in the state where the consumer and/or prospective client reside. .
