Transferring the risk

Three Major Financial Risks

Odds Cost (deductible)

Auto accident 1-240 1 $250 - $1,000

Home fire 1-12002 $500 - $1,000

LTC event 1-23 $112,2384

1. Life Association News, 1993. 2. Life Association News, 1993. 3. National Academy of Elder Law Attorneys, 1999. 4. Assumes average nursing home cost of $44,895 per year and average stay of 2.5 years.

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Last modified: 02/27/12