estate planning and elder law firm

Law Firm of Benjamin Eckman

New Jersey Estate Planning Lawyer

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Long-Term Care Insurance

New Jersey Elder Law Attorney

Most Americans will need long-term care, including a surprising 40 percent under the age of 65. Without proper planning, including the purchase of a long-term care insurance policy, these costs will devastate you and your family.  Yet most people do not prepare or plan for an event that will strike over 75 percent of people over the age of 70. Typically, people over 70 will declare bankruptcy when the long-term care exceeds six months. It's not surprising with the average cost of nursing home care exceeding $100,000.00 and the length of stay in a nursing home averaging three years.

There are 3 primary ways to pay for long term care, Medicaid, private pay and purchasing a Long-Term Care Insurance policy. The policy must be taken out before you get sick. It may not be as expensive as you think. Your cost is based on three factors: age, health and coverage (i.e. amount per day, length of payout, and rider(s) such as inflation factors). Contact us today about the benefits of purchasing long-term care insurance policy and how it may factor into your estate planning. I assure you will not remember how much the premiums costs, but instead you will recall how much the policy saved you and your family.

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Law Firm of Benjamin Eckman
Planning Today for Your Family's Tomorrow

1767 Morris Ave., Suite 314
Union, NJ 07083

By Appointment Only:

73 Mt. View Blvd., Wayne, NJ 07470
(973)709-0909

1 University Drive, Suite 609
Hackensack, NJ 07601

Contact Us
Union Office

1767 Morris Ave., Suite 314
Union, NJ 07083

Get Directions
Wayne Office

By Appointment Only:

73 Mt. View Blvd., Wayne, NJ 07470
(973)709-0909

Get Directions
Hackensack Office

1 University Drive, Suite 609
Hackensack, NJ 07601

Get Directions
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