Kate Ashford

And they can point you toward the facility that best fits it.

in your area at your price point.

So it's kind of a nice resource if you are looking for someone to talk to about that.

And you're doing some longevity calculus.

If you have a more independent older adult who's moving into assisted living, they're probably going to need it for longer than someone who's really ill and moving into skilled nursing.

more or less.

In terms of averages, I actually spoke to someone.

I talked to Bill Comfort, who is a long-term care insurance specialist in North Carolina.

And he gave me some data from the perspective of long-term care insurance claims that cover this kind of care and how long those claims are paid out on average.

So how long is someone getting these claims paid?

keeping in mind that long-term care insurance doesn't typically pay until someone needs help with at least two activities of daily living.

So dressing, bathing, eating, or continual supervision for safety if someone is cognitively impaired.

That number is a little skewed because about 40% of claims last less than a year because people are quite ill.

But if you give a little leeway for that, the advice for men is generally to expect probably two to four years and for women expect three to six as you're kind of

basic starting point.

A financial planner can help you run longevity numbers.

Your family doctor might be willing to give you a timeline, although in my experience, not always.

It's really it's a big educated guess.

It's incredibly specific.

I think you have to model for all the scenarios.