Long-term care (LTC) insurance is important coverage that provides a valuable financial resource. It helps cover the cost of long-term care you might need in the event of an illness, accident, or through the normal effects of aging. LTC insurance protects your assets, and gives you choice and control over where you receive care, including an option for in your own home.
Individuals who require long-term care are generally not sick in the traditional sense, but instead, are unable to perform the basic “activities of daily living” (ADLs) such as dressing, bathing, eating, toileting, continence, transferring (getting in and out of a bed or chair), and walking.
LTC insurance helps you and your family face the future with confidence. Below are some statistics on your chances of needing LTC and who should consider buying it. Contact us and we can help you design a plan that fits your needs and budget.
WHAT ARE THE CHANCES OF NEEDING LONG-TERM CARE?
• More than 50% of the U.S. Population will need
some form of long term care during their lives.
(Americans for Long Term Care Security, 2002)
• 43% of all long term care claims are for people
under age 65. (National Underwriter, January, 2001)
WHO SHOULD CONSIDER BUYING LONG-TERM CARE INSURANCE?
• People who:
• don’t want to burden their family.
• want to protect their assets.
• want to avoid going on Medicaid.
• want to have peace of mind.
• want to have control of their care.
• want to maintain their independence.