Long Term Care
Long-term care insurance can be an emotionally charged topic. It’s not exactly something you want to talk about at the dinner table. After all, no one wants to think about themselves or their loved ones being incapable of living on their own. But if you want to make a smart financial decision and protect your nest egg, long-term care insurance is a must!
What Is Long-Term Care Insurance?
Long-term care insurance is basically nursing home or assisted living insurance. It pays for the long-term care (LTC) services some folks will need as they age or become ill and need help with daily tasks like getting dressed, bathing and more.
And long-term care can get expensive—really expensive. According to the Alzheimer’s Association, the estimated cost for end-of-life care in 2019 ranged between $233,000 and $367,000.
1 Most health and disability insurances won’t cover long-term care, but long-term care insurance will.
Finding an independent insurance broker who will shop several different long-term care companies and get you quotes can save you thousands of dollars and loads of unnecessary worries.
What Does Long-Term Care Insurance Cover?
Nursing home care
Assisted living facilities
Adult day care services
Not all policies are the same, talk to us to see what best fits your needs.