Workers' Compensation:

Individual Insurance:

Did you know . . . .

• Nursing homes cost on average $70,000 - $75,000 per year in Colorado (2009)
• For every one person in the nursing home, there are four people cared for at home
• The average stay in a nursing home (excluding short stays) is 3 years
• If you are married the risk is 70% that one of you will need long-term care
• If you are single and live to age 65 the risk is 43% you will need long-term care
• Between the ages of 35 and 65, 3 out of 10 will have a disability lasting 3 months or more

By planning ahead you can . . . .

• Protect your hard earned retirement savings
• Preserve Assets to pass on to your heirs
• Protect the Quality of Life that is important to you and your family
• Ensure you can afford to have the best care possible - when you need it

By purchasing long-term care insurance while you are employed you save thousands of dollars in premiums which would be lost by waiting until you retire. Why? Because LTC insurance premiums are always based on the age you were when you originally purchased the policy.

This is intended as an example only; actual dollars will vary
based on your plan design and rates are subject to change.

Person could save $64,416 in premium by buying a policy at age 45 instead of waiting until age 65

Remember – It’s your health not your money that buys long term care insurance
You will never be younger – and you may never be healthier than you are right now.
Protect your financial security, preserve your assets and maintain your quality of life.

Compare the Risk:

• 1 in 240 odds of using your car insurance
• 1 in 1200 odds of making a claim for fire on your homeowners insurance
• 1 in 2 odds of needing long term care during your lifetime

Consider the cost at 5% compounding each year:

• $72,000 p/year Nursing home cost in 2009 ($200 per day)
• $191,052 p/year Nursing home cost in 2029 ($530 p/day in 20 years)
• $482,820 p/year Nursing home cost in 2049 ($1,341 p/day in 40 years)

*Nursing home costs have exceeded inflation and doubled over the past ten-year period. We recommend 5% compound inflation protection or 5% CPI inflation; both qualify for the Colorado Partnership Program.

The Policy Pays for:

• Care Advisory Services
• Home Health Care, Adult Day Care and Hospice Care
• Durable Medical Equipment, Home Modification, Medical Alert, Caregiver Training & Home Safety Checks
• Assisted Living Facilities, Alzheimer’s Facilities and Nursing Homes

Discounts Apply:

• For Healthy Individuals with an excellent medical history
• Married Couples and Partners of five years or more (highest discounts apply when both purchase coverage)

Other Features:

• Survivorship Benefits; applies to couples owning policies for 10 years without claim, surviving person has paid-up policy after their partner or spouse dies. (Optional rider)
• Pays 60 days per year Bed Reservation (pays for bed if you leave the nursing home for a period of time and a 21 day per year Respite Care (pays for care to allow caregiver to have time off – respite)
• Other options include restoration of benefits and shared care benefits for couples

This voluntary program is available to the employee, retiree, spouse, parents, in-laws, grandparents, children or step-equivalents and domestic partners.