LONG-TERM CARE INSURANCE

As people age or become ill, they sometimes need help doing daily tasks like getting dressed, bathing and more. Long-term care (LTC) provides people with those services—but it’s expensive.

Long Term Care is the type of care received either at home or in a facility, when someone needs assistance with activities of daily living, such as bathing and dressing due to an accident, an illness or advancing age. Rising life expectancy means that the potential need for “long-term care” grows with every passing year of your life.

The likelihood is that you or a member of your family will need long-term assistance due to a prolonged illness, a disability, or general deterioration of your health and ability to perform routine daily activities.

Most long-term care expenses are not covered by Social Security or Medicare, Medicare Supplement (“Medigap”), or private health insurance. Medicaid pays for nearly half of all nursing home care, but you must meet federal poverty guidelines and may have to “spend down” most of your assets on health care.

Traditional LTC policies (popular with most Americans) have been around for over 40 years. You pay an annual premium for a bank of dollars to use for LTC. These plans are comprehensive and cover home care, assisted-living and nursing home care.

Asset Based, or, “Hybrid” type policy.
The leveraging for LTC comes from investing a lump sum dollar amount that will yield up to 4 times your original investment for LTC. NOTE: We also have a carrier that can take IRA dollars to leverage LTC benefits.

Short-Term Care polices
For individuals who have waited too long or cannot Qualify for a LTC policy, we have STC for Home Care only. These are very affordable policies that cover the cost of Home Care and premiums are normally under $60 a month for a basic plan.

Critical Illness Plan
These plans are very similar to a traditional LTC plan. They pay for Home care, Assisted living and Nursing care. This plan has five underwriting questions with no medical or phone interviews. They are also, affordable and suitable for those who may have some chronic health conditions. There are only two questions to Qualify for these plans. NOTE: If you are diagnosed with Alzheimer’s Disease, you would qualify for this Home Care plan. There are NO medical and no phone calls.