How Long Term Care Insurance Helps You

The thought of getting old makes many people uncomfortable. But it’s not just the physical difficulties of growing older that are troubling. Older adults have to deal with increasing financial burdens as well, from medication costs and medical bills to lost income from retirement or increased expenses from taking on more responsibility for aging parents. Luckily, there’s a way to protect yourself against some of these challenges: Long-Term Care Insurance.

A Long-Term Care Insurance policy will help pay for certain types of long-term care, which include personal services such as bathing, grooming and dressing; home health aide services; custodial care in nursing homes or assisted living facilities; and adult daycare. In other words, if you get sick or hurt and can’t take care of yourself, Long-Term Care Insurance will help pay for services to get you back on your feet.

And it’s definitely something to consider sooner rather than later. People who purchase a policy before age 50 may qualify for a discount if they pass a health exam, because younger applicants tend to be healthier overall – which means benefits won’t need to be paid out as often over the life of the policy.

Establishing a Long-Term Care Insurance Policy

Long term care insurance is complex, and you’ve probably got a lot of questions, which is completely understandable. Our team can help you navigate through the process of picking a policy and choosing coverage options. For a free consultation, click the button below and ask for a quote.