Facts and Figures
76 million Baby Boomers were born between 1946 and 1964.
"One million Americans suffer from Parkinson's Disease and each year 40,000 new cases are diagnosed."
-- Parkinson's Disease Foundation
Long Term Care Insurance may be deductible if you own a business or itemize your medical expenses.
2011 cost of care findings on a countrywide basis:
Assisted Living Facility (1 Bedroom/Single Occupancy) $3,261/month
-- Genworth Cost of Care Survey 2011
2011 cost of care findings on a countrywide basis:
Nursing Home (Private Room) $213/day
-- Genworth Cost of Care Survey 2011
"The typical caregiver is a family member who is a 48 year old woman who provides more than 20 hours of care each week."
-- American Association for Long-Term Care Insurance, 2011 LTCi Sourcebook, www.aaltci.org
"There are 23.6 million people in the U.S. who have diabetes and over 1.6 million new cases are diagnosed every year."
-- American Diabetes Association
2011 cost of care findings on a countrywide basis:
Adult Day Health Care $60/day
-- Genworth Cost of Care Survey 2011
2/3 of people over age 65 will need some kind of long term care in their lifetime.
"Each year about 600,000 Americans suffer their first stroke. 28% are under the age of 65."
-- A Consumer's Guide to Long Term Care Insurance
Average age of consumers who purchase Long Term Care Insurance is 55 to 64.
“5.4 million Americans are living with Alzheimer’s disease. 2/3 are women. By 2050, as many as 16 million will have the disease.”
-- American Association for Long-Term Care Insurance, 2011 LTCi Sourcebook, www.aaltci.org
“The U.S. Census Bureau projects that the population of 85 and over could grow to $19 million by 2050.”
-- American Association for Long-Term Care Insurance, 2011 LTCi Sourcebook, www.aaltci.org
“61% of respondents ranked having Alzheimer’s disease as their single greatest fear among disabling diseases in later life.”
-- Our Family, our Future: The Heart of Long Term Care Planning, Age Wave for Genworth.
“The nation’s 10 leading long-term care insurance companies paid over $10.8 million in daily claim benefits in 2010. Benefits paid by just these insurers totaled nearly $4 billion for the year.”
-- American Association for Long-Term Care Insurance, 2011 LTCi Sourcebook, www.aaltci.org
“Every 70 seconds, someone develops Alzheimer’s disease.”
-- The 2009 Alzheimer’s Disease Facts and Figures, Alzheimer’s Association.
“By 2050, 20% of America’s population will be over 65.”
-- National Council on Aging
“The average age at move-in of an assisted living resident is 84.6 years old. The median length of stay for assisted living is 21 months.”
-- American Association for Long-Term Care Insurance, 2011 LTCi Sourcebook, www.aaltci.org
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Employers
“Tobe was definitely the most friendly and professional “Rep” I’ve worked with in years! And she “fit” us with the perfect product! Thanks!’
—Dale E. Barry, Executive Director Pediatric Associates of Wellesley, Weston, MA
“When our company decided to offer Long Term Care Insurance we had heard that there were a lot of insurance agencies offering this benefit so we talked with other business owners and the name that kept coming up again and again was Tobe Gerard Insurance. Tobe Gerard Insurance wasn’t one of the bigger firms but I can’t tell you how happy we were with the way our enrollment was handled. The attention to detail that we received was outstanding. Tobe conducted the educational seminars to bring our employees up to
speed and then she and her team spent time one on one meeting with every one of our employees. We have offered other employee benefits over the years and most of the time all that you get is a website or a toll free 800 number. This was the first time that we really received tremendous value for what we paid for. ”
—Melinda Cordner, CAE, Vice President of Operations/Marketing and Convention Services, Massachusetts Association of Insurance Agents, Milford, MA