Long-Term Care Insurance
Planning for your future is one of the most important parts of your financial responsibilities. Over 70% of Americans will use some type of long-term care service after the age of 65, some even sooner. Long-Term Care pertains to a wide range of personal care and professional services provided to you when you need help with the Activities of Daily Living. You may need supervision due to a severe cognitive impairment such as Alzheimer’s or simply growing old, an accident or disease. I needed Long-Term Care assistance, personally, after my 14 1/2-hour cancer surgery. I was sent home after 2 weeks in the hospital, on a feeding tube, tracheotomy and my arm in special cast because of a skin graph. I had a home care nurse visit me every day to clean and evaluate all of the apparatus I was sent home with. Long-Term Care insurance will help cover the cost of this care and spare your loved ones from this large expense.
What is covered?
Long-Term Care Insurance will help to pay the expenses for the following:
- Home Health Care
- Assisted Living Facility
- Adult Day Care
- Nursing Home Care
- Hospice Care
- Personal Care-ADL Assistance
- Homemaker Services
Understanding the Need for Long-Term Care Insurance
Long-Term Care Insurance will help to preserve your retirement savings and other important assets. You will not have to use your personal funds to pay for the services needed. You will be able to have control and choice of where you want to be cared for. You can even chose to have your care received in the comfort of your own home, keeping your independence and quality of life. Long-Term Care Insurance will help eliminate the financial burden to your family members and it will help them eliminate the physical and emotional distress of care giving. Most importantly this policy will help your children from being hit with filial care laws which require them to pay for the parents long-term care costs.
When to Sign Up for Long-Term Care Insurance
You need to sign up for Long-Term Care Insurance while you are healthy and able to qualify for the coverage. If you are planning for your retirement and want to leave a legacy for your children, you need to sign up for this policy today! We offer options that can lock in the premium based on your age and health at the time of application issuance. We have options that if you never use the Long-Term Care coverage you will have a death benefit for your loved ones. Please do not wait to get this important policy! Call us today.