Long Term Care Insurance
Q: Is long term care insurance right for me?
A: If you are concerned about relying on your children and family members for support, you should consider long term care. This insurance can protect your retirement savings by providing coverage for any assistance that may be needed due to age. Studies show a significant percentage of individuals will need some form of care; long term care insurance can make certain you receive this attention with minimal costs.
back to top 
Q: When should I buy long term care?
A: Just because long term care insurance will typically cover when you become older doesn’t mean that you should wait until your 70’s or 80’s to purchase it. Insurance companies base coverage and premiums off of risk, meaning if you were to get approved at such an old age, the premiums would be too high and unappealing for most. To take advantage of lower premiums, middle-aged individuals should speak to a licensed agent.
back to top
Q: Where should I purchase long term care?
A: Discussing your options, comparing quotes, and purchasing long term care insurance is easier than ever with many major institutions offering information and rates over the internet and phone. Click here to receive more information from a licensed long term care insurance agent.
back to top
Q: How much does it cost?
A: Long term care may not be as economical as most people desire; though it is important to bear in mind that the assistance it covers costs substantially more. Even though you may be perfectly healthy today, the future can practically guarentee that you will need some form of assistance. Nursing homes can cost anywhere from $50,000 to well over $100,000 yearly. Are you prepared to pay these prices out of your pocket if needed?
back to top
Q: Who needs it?
A: A common misconception is that long term care insurance is only for those who are sick; the truth is that this insurance covers many more people than just those who are sick. As we age, it becomes harder to carry out the activities that come along with daily life; long term care insurance can cover aides who assist with bathing, cooking, cleaning, dressing, eating and walking.
back to top
Q: What does it cover?
A: Long term care insurance has various options of coverage to choose from. Most companies offer policies that can help you stay in your by covering home health aides, or provide assisting living coverage and nursing home care. It is important to understand what your poicy covers, as your benefit level and waiting period can offer from one policy to another.
back to top