Thrivent Financial for Lutherans Logo
Contact Us
| Site Help | Corporate News | Become a Member 
Free Offers | Chapter Web Sites | Locate Your Financial Representative

 
HomeYour AccountsAnnuitiesInsuranceInvestmentsBankRetirementPlanning: Tools & ServicesAbout UsFraternal ProgramsMembers/ChaptersCareer Center
 Thrivent Builds | The Store | Lutherans Online | Lutheran Heritage | Church Loan Program | Thrivent Magazine | Foundations

  Business Continuation Insurance
  Business Overhead Expense Insurance
  Disability Income Insurance
  Insurance by Life Event
  Life Insurance
  Permanent Life Insurance
  Term Life Insurance
  VUL Investment Options
  VUL Portfolio Focus
  VUL Prospectuses & Reports
  VUL Daily Values & Performance
  Long Term Care Insurance
  -  What is LTC?
  -  Could I Afford LTC?
  -  Government Assistance-Eligibility
  -  What is LTC Insurance?
  -  Helpful Links
  Major Medical Insurance
  Medicare Supplement Insurance
  Property & Casualty Insurance
  Death Claim Information
  Education Center
  LOMA's Glossary of Insurance and Financial Services Terms

 

 

Insurance > Long Term Care Insurance > Could I Afford Long-term Care?
Could I Afford Long-term Care?

Long-term care can represent a major expense for older Americans. Nationally, the average cost of residing in a nursing home is about:

  • $55,000 per year or about $137 per day! 2

So how long can people expect to be in a nursing facility? The average stay is two and a half years.3 Let's say you require a stay for the average amount of time, at the average cost. Your cost would be $125,000 or greater due to inflation.

At this rate, it's easy to see that few of us could afford a long-term care stay without putting a serious dent in our retirement savings.

2

3


   Page Settings
 Adjust Text Size:
A A A A
Printer Friendly

 
Related Items
Seminars
Locate Your Financial Representative
About Financial Representatives

   HOME | Site Map | Site Tour | Privacy Policy | Business Continuity Information | What's New On The Web Site | Contact Us | RSS Feeds | Top of Page

Appleton Office:
4321 N. Ballard Road
Appleton, WI 54919-0001 USA
800-THRIVENT
(800-847-4836)
E-mail: mail@thrivent.com

Minneapolis Office:
625 Fourth Avenue S.
Minneapolis, MN 55415-1624 USA
800-THRIVENT
(800-847-4836)

Dalbar Seal of Recognition
Dalbar Seal of Recognition

Thrivent Financial for Lutherans, Appleton, WI 54919-0001, is authorized to conduct business in all 50 states and the District of Columbia. NAIC # 2938-56014. Products issued by Thrivent Financial for Lutherans are available to applicants who meet membership, insurability, U.S. citizenship and residency requirements. Not all products described are available in all states. Thrivent Financial representatives are licensed insurance agents. Insurance and retirement products, where available, are individual contracts, (not group coverage), and issued by Thrivent Financial for Lutherans. Investment products are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415-1665, a wholly owned subsidiary of Thrivent Financial for Lutherans. Member FINRA. Member SIPC. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc.

Bank products and trust services are offered through Thrivent Financial Bank, 2000 E. Milestone Dr., Appleton, WI 54919-0006 (Member FDIC, Equal Housing Lender), a wholly owned subsidiary of Thrivent Financial for Lutherans. Insurance, investment products, securities, trust, and investment management services and accounts are not deposits, are not FDIC insured, are not insured by any federal government agency, and are not guaranteed by Thrivent Financial Bank. Variable insurance contracts, investment products, trust, and investment management accounts may go down in value.

©1995-2008 Thrivent Financial for Lutherans

This document was last updated on Wednesday, November 29, 2006 at 9:33 AM