Long Term Care Insurance

What are some of the costs associated with Facility and Home Care?

Facility Costs:
• Government Run Nursing Homes - $1,000 - $2,000 Per Month
• Private Nursing Homes - $2,000 - $7,000 Per Month

Home Care Costs:
• $15 - $35 Per Hour.

Can you afford to not include Long Term Care Insurance in to YOUR Financial Plan?

Why should you consider long-term care insurance?

Most people don’t want to be a burden on their spouse, kids, relatives etc. This burden is both financial and emotional.

An individual will work a lifetime to accumulate assets, which can be wiped out by facility and home care costs. Most people would rather have their assets and life savings go to their family or charity instead of going to a facility or home care.

To some people having the peace of mind knowing that they can provide themselves with quality long-term care matters.

When is a good time to buy long-term care insurance?

A good time to buy long-term care insurance is between 50 and 60 years old. Keeping in mind that the younger you are the cheaper your premiums will be.

Benefits and Features.

Facility Care Benefit

The Facility Care Benefit will pay the Daily Income Benefit (amount stated in plan), if you are confined in a long-term care facility on the certification of a physician, according to the provisions in the policy contract and the one-time elimination period has been satisfied. This coverage affords you the freedom to choose your long-term care facility as long as it meets the criteria outlined in the policy contract.

Home Care Benefit

The Home Care Benefit will reimburse you for reasonable daily expenses incurred for your care up to the maximum of the Daily Home Care Benefit amount