Long Term Care Insurance

What is Long-Term Care Insurance? Long-term care is personal care or supervision needed by persons of all ages for an extended period of time. It may be needed due to an accident or illness, or the effects of aging. Care is received in a variety of settings including nursing homes, alternate care facilities and a person’s own home. 

Some conditions which typically require long-term care services:

• Multiple Sclerosis
• Alzheimer’s Disease
• Parkinson’s Disease
• Heart Disease
• Stroke
• Head Injury

Who Uses Long-Term Care?
By Age:
Children : 3%
Working Adult : 40%
65 and over: 57%

Why Buy LTC Insurance?

1. Protect Your Assets:  Long-term care is expensive. Today, the national average cost for home care is $20,000 and the cost of nursing home care is $50,000. In thirty years, average costs are expected to more than triple

Long-term care insurance is an affordable way to protect yourself and your family members from the financial burdens often associated with long-term care.

2. Preserve Your Independence:  You may not think of yourself as a candidate for long-term care services, at least not until you’re much older. But long-term care situations can happen at any point during your life, due to illness or an accident as the above statistics show.  

Long-term care insurance doesn’t just pay benefits for care provided in a nursing home. A comprehensive long-term care insurance plan can pay for services that help you remain at home, including: visits from a registered nurse, a home health aid and even home modifications that can help you manage on your own.
Long-term care insurance offers coverage that will give you the flexibility you need to make decisions about the kind and site or care that works best for you.