Long term care insurance is a type of insurance that covers the expenditure of several services and support for people who need help with daily pursuits due to chronic medical conditions, disabilities or cognitive impairments. Long term care insurance can provide numerous benefits for individuals and their families, such as:
- Having a plan in place, long term care insurance can help you plan for the chance of needing long term care in the future and prevent relying on your family or public programs to pay for it.
- Protecting your savings, long term care insurance can help you protect your retirement savings and assets by covering the fees of long-term care, which can be very high and swiftly drain your resources.
- Choosing your preferred carrier, long term care insurance can give you additional possibilities and flexibility in deciding where and how to receive care, whether it is at home, in an assisted living facility, or in a nursing home.
- Easing the weight on your family, long term care insurance can ease the physical, emotional and financial stress that often falls on your loved ones when they must provide or arrange care for you.
- Enjoying Peace of Mind, long term care insurance can offer you and your family is sense of protection and comfort, knowing that you will have access to quality care and support when you need it most.
Long term care insurance is not for all, but it can be an effective tool for planning ahead and protecting your well-being and your legacy.
