Long Term Care Insurance
Statistics show that people are living longer and the need for long term care insurance for health conditions is greater than ever. This need is expected to become even more pressing as more Baby Boomers enter retirement each year. Long Term Care insurance provides daily care for people with chronic illnesses, disabilities,dementia or other conditions; whether it is at home, in an assisted living facility or a nursing home.
There are many different benefits that can be included in a long term care policy, so you should consider all your options carefully. You also need to keep in mind other factors when purchasing long-term care insurance, including your age and health, your income, your support system and your savings and investments. Long Term Care policies can be customized to meet your needs and your budget. For example, they can be purchased as a standalone policy, or purchased in combination with a life insurance policy.