The Essential Guide to Long Term Care Insurance

Long Term Care Insurance is coverage which pays for services that aren’t covered by Medicare or Medical Insurance. This includes assistance with routine daily activities, like bathing, dressing, toileting, getting in and out of bed, or if cognitively impaired (Dementia, Senility, Alzheimer’s). The cost of these services is quite expensive, and you will have to pay for these services until you have exhausted your savings. Only then will you qualify for government assistance.

Reasons People Obtain Long Term Care Insurance

  • Don’t want to be a financial burden to family
  • Want to be able to choose the type of care I get
  • Don’t want my children to have to take care of me
  • Know someone who had trouble paying for LTC services

Exploring Long-Term Care Insurance Options

Considering long-term care costs is an important part of any long-range financial plan. There are a variety of ways to obtain this valuable and important protection

  • Traditional Long Term Care Insurance
  • Life Insurance with Long Term Care Insurance rider
  • Annuities with Long Term Care Insurance rider
  • Homecare only policies

Whether long-term care insurance is the right choice depends on your situation and preferences. Please contact us for more information or a no-obligation quote.

Policies will pay if you receive care at:

  • Your home.
  • A nursing home.
  • An assisted living facility.
  • An adult day care center.