This blog post is designed to provide general information on the subjects covered. It is not, however, intended to provide specific estate planning, insurance, tax or legal advice. Please note that LTC Consumer and its representatives do not give financial planning, tax or legal advice. You are encouraged to consult with your tax advisor or attorney concerning your own situation.

What’s More Likely: Winning March Madness or Needing Long Term Care?

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Did you know the odds of choosing the perfect bracket for the NCAA men’s basketball tournament are incredibly small? The odds are so small that even mathematicians argue on the actual estimation of the odds of winning.

Some believe the odds of winning March Madness are as low as 1 in 9.2 quintillions (or 1 in 9,223,372,036,854,775,808 for you detailed readers). While others think the odds are closer to 1 in 128 billion. Either way, picking all the games correctly is borderline impossible.

In fact, you have better odds of doing any of following than you do winning your March bracket.

1 in 50 Make a Half-Court Shot at Halftime

We’ve all seen people try and fail or occasionally win that glorious half-court shot at a halftime competition. If you found yourself in that situation, you have a 1 in 50 chance of your halftime dreams coming true.

1-3 in 600 Become an Astronaut

While Elon Musk may get us all into space someday, the tried-and-true method is by becoming a NASA astronaut. Even though NASA gets 2,000-6,000 applications at a time and accepts only around 10 applicants to become astronauts, your odds are still better.

1 in 10,000 Find a Four-Leaf Clover

If you’re feeling lucky, it may be time to start searching for that clover.

1 in 11,500 Bowl a Perfect Game

If you’re an adult male who isn’t a professional bowler, you have decent odds of bowling a 300 game. If you’re a pro bowler, your odds improve to 1 in 460. Not too shabby.

1 in 1,000,000 Make an Albatross Golfing

Hitting a hole-in-one can be difficult enough. An albatross, or double eagle, is an ace on a Par 4 or two strokes on a Par 5. So, they’re saying there’s a chance?

1 in 10,000,000 Become President

It’s safe to say you may become president before you win March Madness. Don’t let anyone tell your dreams are foolish.

While these odds are fun to think about, there are other everyday odds that affect people’s futures like the odds of needing long term care. It’s estimated that three in four individuals will need long term care at some point in their life. With those odds, it’s not a matter of if, but when.

Are you prepared for the future? While you’re filling out your March Madness bracket, don’t forget to research and plan for long term care. Request a quote and speak with an LTC Specialist about your options today.

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