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The Basics of
Long Term Care Insurance
The value of long-term care insurance
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As you age, you may need help with things you’ve always been able to do yourself – shopping for groceries, fixing meals, cleaning the house. You may also need help with personal services, like bathing, dressing or taking medications. A long-term care insurance policy is designed to help you pay for these types of services.
Long-Term Care insurance may be right for you if…
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You intend to remain in your home as long as possible
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You value your independence and enjoy your home. You’re not planning to go anywhere…certainly not to a nursing home.
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Family relationships are important
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Your family means the world to you. You love spending time together and don’t want to do anything to jeopardize those cherished relationships.
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You want to protect your retirement savings
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You worked hard to plan for a comfortable retirement. Spending your life savings on long-term care services isn’t on your to-do list.
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Three Steps to Tailoring a Policy
01
Access Your Needs
In order to make an appropriate recommendation, your insurance agent may ask about your family, your lifestyle, your health, your assets and your plans for the future.
02
Make Basic Policy Decisions
Your insurance agent will help you understand your options and make the right decisions.
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Policy Limit – This is the maximum dollar amount available in benefits over the life of your policy
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Monthly Benefit Amount – This is the maximum amount the policy will pay in benefits each month
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Elimination Period – This is the waiting period before policy benefits begin
03
Add optional benefits
Your insurance agent will help you understand the many optional benefits that may be added to your policy at an additional cost.
Find a plan to fit your need
Determining whether long-term care insurance is right for you doesn't have to be difficult. Let us help.