How much you’ll pay for long-term care insurance is based on three factors. Your age when you apply, how much protection you want and your health when you apply.  Where you live today and where you plan to retire also play a part.

But here is information that’s most important for Scottsdale, Arizona residents. Your long-term care insurance can be far more reasonable than you think. 

Let me share a few ways people I work with significantly reduce the cost of long-term care insurance. Before I share, I thought the following statistic from the American Association for Long-Term Care Insurance ( was especially interesting. In 2009, individuals between the ages of 55 and 59 paid as little as $794-a-year for LTC insurance protection. The maximum paid by someone in this age range was $8,824.

So, how can one reduce the cost? Start by considering a policy that might protect a specific amount of your savings and assets. The coverage you buy today can increase in value over time. So, a policy that provides $115,000 of protection today can grow to $305,000 in 20 years. If you are married, some long-term care insurance policies allow one spouse to access the other spouse’s benefit pool.  That’s an option well worth looking into.

Consider adding a deductible to your long-term care insurance policy. Most people have a deductible on their car insurance and their homeowner’s policy. When it comes to long-term care insurance, adding a deductible will significantly reduce the cost and the majority of people select a 90-to-100 day period.  The average savings will be about 20 percent annually.

Finally, know that costs vary significantly from one long-term care insurance company to another. I am a member of the industry’s long-term care insurance association and they share an enormous amount of information. Once a year they undertake a Price Index Study and the costs for almost identical coverage can vary by as much as 100 percent depending on your age and marital status.

If you’d like to learn more on long term care insurance please take a moment to call me, Ernie Bobel, at 602.617.4770 / 877.441.4714 or E-mail me at We will get you free information without any obligation.  Thanks for reading our blog today, we really appreciate it.