Ten Reasons for considering

LONG-TERM CARE INSURANCE.

The possibility that you or a loved-one will need long-term care poses a serious risk to your financial well-being.

Long-term care is expensive. Nearly 70% of American turning 65 this year eventually will require long-term care in their lifetime (1). The cost can be high – averaging $69,715 a year or higher in major metropolitan areas (2). Home care can cost $20 per hour on average (3).

Government benefits are limited. Medicare only pays short-term, very limited benefits. To qualify for Medicaid, a person must first use his or her own money. When personal assets are mostly exhausted, only then will this government program pay for care.

While long-term care insurance can seem complex and confusing, it may be able to:

1. Help protect your assets from being eroded by the high cost of long-term care.

2. Help ensure that you have choices if you need long-term care, including in-home, assisted care facility or nursing home care.

3. Help you avoid becoming a burden on your family if you are unable to care for yourself.

As a Certified Financial Planner and Financial Advisor, I find myself spending more and more time talking with clients about ways to minimize the risk of long-term care. For over 50 years Raymond James has been helping people reach their investment goals. We can also help in planning for the risks of life. If insurance is appropriate, we partner with top-rated insurance companies to offer traditional and “asset-based” long-term care insurance.

Planning starts with a conversation. Please call me at 813 985-9855 or toll free 800 858-9223. I am happy to answer your questions and even provide a free, no obligation insurance quote and illustration.

Jim Mitchell, CFP Financial Advisor

1. 2006 Congressional Quarterly

2. MetLife Mature Market Institute Cost of Care Survey 2008

3. MetLife Mature Market Institute Cost of Care Survey 2008