Long-Term Care Insurance Is Generally Cheaper than Do-It-Yourself Caregiving, Ann Arbor-Based Specialist Reports

If one of your aging parents without warning needs aid with the chores of daily living, who is going to deliver it

New York City, NY (prHWY.com) December 6, 2011 - FOR IMMEDIATE RELEASE
Contact:
Marybeth Bayer
Partner
LTC Financial Partners
marybeth.bayer@ltcfp.net
734-222-9882

Ann Arbor, Michigan, December 6, 2011 - If one of your aging parents without warning needs aid with the chores of daily living, who is going to deliver it? You? "If that's your default strategy," asserts Marybeth Bayer, Ann Arbor-based agent with LTC Financial Partners, "be prepared for sticker shock. The services you provide don't come costless."

"Do-it-yourself caregiving might end up being pretty costly. In fact long-term care insurance, even with premium payments stretching more than 30 years, can easily end up being much more affordable."

This assertion is based on a newly released report released by the MetLife Mature Market Institute, "The MetLife Study of Caregiving Costs to Working Caregivers: Double Jeopardy for Baby Boomers Caring for Their Parents." For America's ten million currently employed care providers, lifetime losses in pay, pensions, along with social security benefits total around $3 trillion, according to the report. That is $304,000 for each worker..

"It probably will cost a person a percentage of that for insurance, so you have the money to hire a professional to care for your mother or father," says Bayer.

Further information can be obtained through Marybeth Bayer at 734-222-9882 or http://MarybethBayer.ltcfp.com.

Bayer is a leading Michigan long-term care insurance agent, and LTC Financial Partners is one of America's largest and most experienced long-term care insurance agencies. The company is a co-founder and sponsor of the "3 in 4 Need More" campaign, which seeks to multiply the number of Americans protected by long-term care planning.

In California the company is known at LTC Partners & Insurance Services; in other states, as LTC Financial Partners.
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