Facts and Figures
2011 cost of care findings on a countrywide basis:
Nursing Home (Semi-Private Room) $193/day
-- Genworth Cost of Care Survey 2011
2011 cost of care findings on a countrywide basis:
Homemaker Services (Licensed) $18/hour
-- Genworth Cost of Care Survey 2011
"One million Americans suffer from Parkinson's Disease and each year 40,000 new cases are diagnosed."
-- Parkinson's Disease Foundation
"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
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
Average age of consumers who purchase Long Term Care Insurance is 55 to 64.
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.
Long Term Care Insurance may be deductible if you own a business or itemize your medical expenses.
"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
“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
“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
“86% of older adults have at least one chronic condition like heart disease, arthritis, diabetes, or cancer and 50% have two or more.”
-- National Council on Aging
2011 cost of care findings on a countrywide basis:
Nursing Home (Private Room) $213/day
-- Genworth Cost of Care Survey 2011
“By 2050, 20% of America’s population will be over 65.”
-- National Council on Aging
"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
“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.
76 million Baby Boomers were born between 1946 and 1964.
Be Social!
Individuals and Couples
Tobe Gerard Insurance, LLC is happy to work with…
Individuals and Couples
Who are Interested in Exploring Long Term Care Insurance
Our clients are savvy! They ask us well thought out questions and they expect us to provide them with well thought out answers. Over the years, we’ve learned that even though every client is unique, the buying process isn’t. We’ve found that sharing this process ahead of time removes a lot of uncertainty.
Step 1 You will call or email us.
Step 2 We will call you back within 24 hours to complete a short form that will give us your contact info, date of birth, and a cursory amount of information about your overall health. This will take less than five minutes.
Step 3 We will prepare a customized spreadsheet with quotations from a variety of Long Term Care Insurance companies.
Step 4 We will meet with you in person to talk about the issues surrounding long term care and Long Term Care Insurance. At this same meeting, we review your customized spreadsheet. This will take about an hour.
Step 5 You will call or e-mail us to let us know that you want to apply for coverage.
Step 6 We will set up a mutually convenient date and time to complete an application with you in person. Completing the application takes about an hour. At this time, we will also require a fully refundable deposit (usually the equivalent of two or three months premium).
Step 7 We will send your application and your check to the insurance company. The insurance company decides what requirements they want to request. What they request depends upon your age, your health, and other criteria. The range of requirements can be any or all of the following: copies of your medical records, a phone interview, a face to face interview, etc.
Step 8 The insurance company will assign your case to an underwriter once all of the above has been received. It is solely the decision of the underwriter to approve or decline your application for Long Term Care Insurance.
Step 9 We will call or e-mail you to schedule delivery when your policy has been received at our office. We will also collect any balance due when we deliver your policy.