and receive the free, "Insiders Guide To Long Term Care Insurance", and a referral to an LTC Professional.
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What is long term care insurance?
Long Term Care insurance is designed to pay for a long time succession of care giving services for the elderly or chronically ill. This care may be provided in a facility (nursing home, mental hospital, etc.) or in the individual’s home with a nurse or aide. It is most beneficial to those who have financial assets they would like to protect. Long term care insurance is often quickly referred to as LTCi or LTC insurance.
Benefits of Long Term Care Insurance
Asset Protection
Piece of Mind
Benefits are Non-Taxable
Security for Your Future
Should I consider long term care insurance?
Long term care insurance is often referred to as “asset protection” by financial planners. Medicaid will cover your long term care services, but only when your assets have been depleted. Unless you are extremely wealthy or can not financially afford the premiums, it is in your best interest to apply for long term care insurance.
Why should I apply for long term care insurance?
Eventually, the majority of us reach a point in our lives where we are no longer able to take care of ourselves. Whether the cause is from an accident, onset of an illness such as Parkinson’s disease or stroke, or age, more than likely there will be a time where we will need extended long term care. Americans over the age of 65 face a 40% risk of entering a nursing home for Long Term Care services. A year in a nursing home now averages more than $40,000 and can exceed $100,000 annually in some parts of the country." - The Wall Street Journal 3/31/99
Premiums for long term care insurance rise with age. Also, your health plays a factor in your premium. If you wait too long before applying for long term care insurance your age and health may make it very expensive or even impossible to qualify for a policy.
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