2024 KrauseReport V1 WEB Flipboook Preview - Flipbook - Page 18
CHAPTER 03:
03
The Long-Term Care
Planning Opportunity
The Rising Need for
Long-Term Care
As the Baby Boomer generation continues to age and the
population is living longer, the need for long-term care is
greater now than ever before. Unfortunately, many seniors
are unprepared for the high costs associated with longterm care. With the average nursing home bill running over
$95,000 per year, many risk depleting their life savings in
just a few short years.
As an increasing number of seniors are faced with this
reality, they’ll be searching for guidance and looking for
someone to help protect their hard-earned assets.
That’s where you come in.
| FAQ |
What Are Activities
of Daily Living?
Activities of Daily Living
(ADLs) include:
2.8 YEARS
The average projected length of a
long-term care event is 2.8 years.
(U.S. Department of Health and Human Services)
eating
bathing
dressing
60%
transferring
Roughly 60% of residents will
transition from assisted living to a
skilled nursing facility.
continence
(National Center for Assisted Living)
toileting
CHAPTER 03 | The Long-Term Care Planning Opportunity
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