What Long Term Care Insurance does: Help protect your finances from assisted care expenses.
Thanks to advances in medicine, retirees are living longer, more independent lives. As a result, someone turning age 65 today has almost a 70% chance of needing some type of long-term care*. Although many people assume Medicare will cover this expense, it often doesn’t. That’s why a growing number of retirees are turning to long-term care insurance to protect their futures. Coverage for nursing home care, home health care or both helps you maintain control of where you will receive care, and it helps protect your life’s savings from the high cost of assisted care services.
Five Reasons Why People Buy
Long-Term Care Insurance
- BURDEN TO FAMILY: Taking care of people who are chronically ill, can make the caregiver chronically ill. Long term care insurance allows children to maintain their relationship with their parents by helping supervise their care, rather than providing that care.
- ACCESS TO QUALITY CARE: People want access to quality care
at home or at places of their choice, with caregivers of their choice.
- ASSET PROTECTION: For those with assets, there are two ways you can pay for long term care – your retirement portfolio or long term care insurance.
- CONTROL AND INDEPENDENCE: People want control and independence choosing where they live and the kind of care received.
- PEACE OF MIND: Long term care doesn’t bring families together, it tears families apart. Long term care insurance brings families together and provides peace of mind.
