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16-GE-Capital-Assurance-Ltr

16-GE-Capital-Assurance-Ltr - capital Assurance GE RichardC...

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@ GE capital Assurance RichardC. Packard Senior Vice President, LTC Division 13 Mr. Earl Srinols 1 1 04 Galen Drive champaign, IL 61821-6913 Dear P1r. Grinols, As a responsible citizenr tou have paid taxes all your lif e, and that I s lrhy I think you have a right to be deeplv qoneerned by what I am about to teII you. An estimated 437, of a1l elderly will spend some time in a nursing home.1 The eost is high... S50r000 to as nnueh as $60,000 a year, depending on your dF€8.2 And, nursing home eare costs are increasing faster than the rate of inflation. Yet our great nation does not have a system to provide for the skyrocketing costs of nursing horne or in-home care. Even the mueh publicizeC Government proposal for Health eare reform has not made any headway over the past year. fn fact, there is no telling if we will ever see such a Drogram in our lifetirnes. Are you prepareC to wait and wonder if the Government wiII find the funding to implernent a long term care plan?
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