With all the emphasis that is placed on life planning, and planning for retirement, many people forget about or fail to plan for the possibility on needing Long Term Care. Many do not realize that 50% of all people over the age of 65 years will need Long Term Care at some point in time. Failing to plan for the possibility of needing Long Term Care can be devastating to a retirement portfolio. The average cost of Long Term Care in the state of California is nearly $80,000 per year and rising faster than inflation. It is estimated that this number will be greater than $200,000 per year by 2030. With the average nursing home stay of 2.4 years a person could lose a large part if not all of their retirement to the costs associated with Long Term Care. There are only a few options when it comes to paying for Long Term Care. These include your retirement portfolio (which we hope your wife or children aren’t depending on), your family, Medicaid or Long Term Care Insurance. We can help develop the best plan for you. Call Cochrane Insurance & Annuity Services at 877-670-7526 or visit one of our two websites, Cochrane Insurance & Annuity Services or Cochrane Long Term Care.  Not only does our Staff include a Registered Nurse and a Financial Consultant but we have special training in Long Term Care Planning and have the training to market California Partnership for Long Term Care policies.