Long Term Care Insurance

Statistics show that people are living longer and the need for long-term care insurance is greater than ever.  Someone turning 65 today has almost a 70% chance of needing some type of long-term care services and support in their remaining years (source: https://longtermcare.acl.gov/).

Long-term care insurance covers care generally not covered by Medicare, Medicaid or your health insurance. This 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 in a nursing home.

Hybrid life insurance policies are becoming increasingly popular as a Long-term Care Funding Strategy since they combine both cash-value life insurance and long-term care benefits into one policy.  The long-term care benefits in these policies are tax-free.

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.

Learn more on:-
Executive Life and Disability Insurance
Individual Life Insurance