Long-Term Care Insurance

The need for long-term care can arise for anyone at any time. It may arise as the result of a chronic illness or it may arise because of something as simple as an injury or accident. The important thing to remember about long-term care is that it is costly and can have a devastating impact on the finances of your family.
Long-term care insurance is one way to plan for the costs that would be payable if you require long-term care. Having a plan in place to address such costs can protect your assets, provide you or those you love with the greatest number of options for your care, and allow you to maintain the highest possible level of independence.

Who needs long term care insurance?

Long term care insurance should be considered as a possible strategy by those seeking to protect assets and maintain their independence. There are other ways to accomplish the same goals. Long-term care insurance, though, is designed specifically to meet these objectives when your health changes.

What is covered by long term care insurance?

A long-term care insurance policy helps you pay for the care needed when you are unable to perform everyday activities such as eating, getting dressed, bathing, maintaining continence and getting in and out of bed without assistance. The goal for long-term care services is to provide assistance and improve the quality of life for those with chronic, long-term conditions or severe cognitive impairment, such as Alzheimer’s disease. A comprehensive long-term care insurance policy may provide coverage for long-term care needs in the home, community-based settings, an assisted living facility or nursing home.