Nearly 70% of adults over 65 will need some form of long-term care. In South Carolina, that care isn't cheap.
2024 Average Annual Costs in SC:
- Home Health Aide: $68,640
- Assisted Living: $62,400
- Nursing Home (Private Room): $114,428
(Source: Genworth 2024 Cost of Care Survey)
At Common Sense Retirement Planning, we help you plan for these costs - so they don't catch you off guard or devastate your savings.
LTC planning is about more than insurance. It's about:
- Protecting your spouse if you become ill or pass away
- Avoiding forced asset liquidation
- Choosing your own level of care
- Preserving dignity and control
We offer solutions like:
- Traditional LTC insurance
- Hybrid life + LTC policies
- Annuities with LTC riders
- Asset-based plans that return premiums if unused
You may never need care, but the cost could be devastating if you do. We'll help you evaluate your risks and explore options.
Because peace of mind is priceless.
Frequently Asked Questions
Q: How likely am I to need long-term care?
A: About 70% of people over 65 will need some form of LTC during their lifetime.
Q: What does long-term care cost in South Carolina?
A: Costs range from $60,000 to over $110,000 per year, depending on the type of care.
Q: Are there alternatives to traditional LTC insurance?
A: Yes, hybrid life insurance, annuities with riders and asset-based plans are flexible options.
At Common Sense Retirement Planning, we offer you the following services:
Retirement Income Strategies
Wealth Accumulation Strategies
Asset Protection Strategies
Annuities
Life Insurance Strategies
Tax Efficient Strategies
Long-Term Care
IRA & 401(k) Rollovers
Ready to Take The Next Step?
For more information about any of our products and services, schedule a meeting today.