Long Term Care

As more and more people need long-term care, the costs continue to grow. The average charge now for assisted living is now more than $32,000 per year, and contrary to popular belief, long-term care isn't only for the elderly. Today there are tax incentives and asset protection programs that will help protect you from the extreme costs of Long Term Care.


One of those programs now available in Oregon is called the Partnership Program. At Jefferson State Financial Group we help you protect your financial future by utilizing Partnership Program products that will also save tax dollars now and when you need your benefits. Ask us how.


We offer services through the following LTC Carriers

  • Genworth
  • John Hancock
  • MetLife
  • Medamerica
  • Prudential
  • Aflac
  • Allianz
  • Mutual of Omaha
  • United of Omaha

Articles Relating to the Partnership Program

LA Times story about LTC


Frequently Asked Questions

  1. What is Long Term Care Insurance?
    • Long Term care insurance is the care you need when you are no longer able to care for yourself.
    • It is an insurance policy that you can buy to pay for expenses should you require home health care or custodial careÉthe average monthly custodial expenses can range from $4,000 to over $10,000 per month.
    • You usually will pay monthly or annual premiums for a certain period of time for the benefit.
    • The benefit is usually for a set period of time and certain amount of money.
  2. Who should consider Long Term Care Insurance?
    • It depends on your age, health, family history and financial situation.
    • The chance of disability grows as we age. Ages 44-54: 23%, Ages 55-64: 36%, Ages 65-69: 45%
    • More than half of all nursing facility stays last six months or less.
    • The average stay of those who enter a custodial facility is about 18 to 20 months.
    • You need to make sure that you can afford it.
    • It is easier to qualify for Long Term care insurance if you are in good health.
    • If you have accumulated a large amount of investments or assets, it is probably a good idea to see what a policy would cost to protect your current assets.

Request a Long Term Care Quote