RLee Insurance Solutions LLC, 

Lafayette Indiana

"What are my risk of needing Long term care"?

Long Term Care Insurance

Did you know?...The lifetime chance someone who buys a policy at age 60 will use their policy before they die is 50%.

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It is hard to know if and when one will need long term care and how much a long term care event may cost, but there are some statistics that may help. 


For example:

  • About one out of every four 65-year-olds today will live past age 90, and one out of 10 will live past age 95.1.
  • An estimated 11 million U.S. adults need some type of long-term care.
  • The lifetime probability of becoming disabled in at least two activities of daily living or being cognitively impaired is 68% for people age 65 and older.
  • Just one hour of home-health-aide care costs roughly $20, while the average private nursing home room costs $87,000 a year, and neither routine employer-based medical insurance nor Medicare will pay for extended periods of custodial care.


​The Indiana Long Term Care Insurance Program (ILTCIP) is an innovative partnership between the State of Indiana and private long-term care insurance companies. Indiana has taken the lead in helping residents protect their hard-earned savings from the high cost of long-term care.

2016 Indiana Partnership LTC Policy Requirements

  • Minimum Daily Benefit - $115 per Day
  • Total Asset Policy  - Initial Policy Amount at least $336,927 (2017 - $353,773)