Plan now to protect your family
It’s a fact of life that as we age our bodies grow weaker and more susceptible to illness. Sooner or later, you may need help to perform everyday tasks like bathing, getting dressed and more. Long term care insurance ensures this physical and financial burden is not placed solely on your family. Don’t let the cost of care deplete your nest egg!
Long term care, which covers assistance with daily care, is not covered by traditional health insurance, social security, Medicare, Medicaid or disability insurance.
Having a solid plan today can save heartache and worry in the future.
Long term care insurance covers:
- Assisted living
- Respite care
- Hospice care
- Nursing home care
- Alzheimer’s facilities
- In-home care
- Adult day care services
Types of Long term care Insurance:
Traditional:
Traditional long term care insurance covers whatever type of care you need whether it’s a home health aide or a stay at an assisted living facility. The policy becomes active when a person can no longer perform two out of six daily living activities like eating, dressing, bathing or getting into a wheelchair.
Hybrid life and Long term care policies:
Often considered a last resort, these kinds of policies allow you to access the money your beneficiaries would receive in the event of your death to pay for your long term care. If you do not end up needing long term care, that money is left for your beneficiaries. This type of policy is a good option for people who don’t qualify for a traditional long term care plan.
