Questions About Long-Term Care Insurance

Questions About Long-Term Care Insurance

We all want to have the security of knowing our family is prepared for the future. Did you know that long-term care insurance may help provide this peace of mind?

A significant proportion of adults over the age of 65 will need some type of long-term care, possibly for several years. 

Find out more about what this type of insurance covers and learn if it’s right for you.

Who might want to consider purchasing a long-term care insurance policy? 

  • Anyone approaching retirement. If you’re planning your retirement, you’re probably looking forward to spending time with family and focusing more on your hobbies. But you also need to consider your care needs as you continue to age. 
  • Anyone with a family history of chronic illness. Genetics can increase your risk of inheriting certain illnesses, such as Alzheimer’s disease. If you have any family history of conditions that necessitate long-term care, this type of insurance can help you prepare for that possibility. 
  • Anyone who values financial independence. Long-term care can be costly, particularly if you need it for many years. Long-term care insurance can help ensure those expenses are covered without the help of your family. 

What does it cover?

Typically, health insurance does not cover services that help you with daily activities such as bathing, dressing, eating and staying mobile.

Long-term care insurance can help cover such costs, whether you are receiving care at home or in an assisted-living facility. As you age, it is important to understand how to maximize your health insurance and any supplemental benefits. 

How much does it cost?

Long-term care insurance premiums can vary significantly based on factors like age, overall health and type of coverage. 

Is long-term care insurance right for you? Consider your plans for the future and your family’s needs. If you want to discuss your options, we’re here to help.