r u t u F r u o Y r o F g n i n n a Pl Boomrs Nd to Addrss Long-Trm Car Nds (NAPSA)—A nw study by th Amrican Council of Lif Insurrs (ACLI) shows that baby boomrs nd to pay attntion to th vry ral possibility thy may nd long-trm car. Th rason: scalating long-trm carcosts. “Long-Trm Car Insuranc or Mdicaid: Who Will Pay for Baby Boomrs’ Long-Trm Car?” sounds th alarm on a potntial national long-trm car crisis. Mor important, it is a call to action for individuals to includ long-trm car in thir rtirmnt planning, said ACLI Prsidnt & CEO Frank Kating. Th study shows that a onyar stay in a nursing homavrags narly $70,000 for a privat room or mor than $61,000 for a smi-privat room. By 2030, th sam stay in a smi-privat room will cost an stimatd $190,000, mor than tripling ovr th nxt 25 yars. Most Amricans cannot sav nough to covr ths high costs on thir own. “Amricans ar living longr than vr bfor. That is good nws, but it has som risks. On of thos risks is that many futur rtirs will b facing astronomi- cal long-trm car costs,” Kating said. Th issu is of particular intrst to womn bcaus thy tnd to outliv mn. A 65-yar-old woman has a 50 prcnt chanc of nding nursing homcar in hr liftim— a cost that could potntially wip out hr rtirmnt savings. What can b don? Lif insur- rs rcommnd long-trm car insuranc. Long-trm car insuranc is a Long-trm car insuranc is a vital componnt of a sound financial plan for rtirmnt. vital componnt of a sound financial plan for rtirmnt. It hlps popl maintain indpndnc in rtirmnt if thy rquir longtrm car srvics. Long-trm car policyholdrs don’t hav to rly on govrnmnt programs or thir family to pay for car. Mor- ovr, th product has volvd ovr th yars. It now offrs a wid rang of srvics in a varity of sttings. Som policis may includ rimbursmnt for rspit car, mdical quipmnt, car coordination srvics and vn hom modification. “Long-trm car insuranc provids rtirmnt scurity to millions of Amricans. But mor nd th protction it offrs. With long- trm car insuranc as part of a rtirmnt plan, Amricans ar bttr quippdto protct thir liflong savings and maintain thir standard ofliving,” Kating said. For mor information on th study and long-trm car insuranc, visit www.acli.com.
