Long-Term Care Insurance
Your Life, Your Story – The end of any life story is unpredictable. But choosing not to think about it until a personal life event forces you to might lead to an unhappy ending. Planning for long-term care, the costs, and who’s going to pay for it may ensure for a much happier ending.
What is Long-Term Care and why do we insure it?
Long term care is care that you need if you can no longer perform everyday tasks (activities of daily living) by yourself due to disability, severe mental illness, disease, injuries, or medical events such as strokes or brain tumors . Long term care also includes the supervision you might need due to a severe cognitive impairment (such as Alzheimer’s disease)
Long-term care insurance, or LTC, is designed to cover basic daily needs, services, supports over an extended time, including personal and custodial care. These settings may include your home, a community organization, or other facilities that offer LTC. Health insurance or Medicare helps pay for immediate medical expenses, while long-term-care insurance helps people cope with the cost of chronic illnesses, such as Alzheimer’s disease, or various disabilities.
Why plan now?
Buying long-term care insurance while still in good health will have lower premiums as costs increase with older ages and health conditions. Premiums for long-term care insurance are cheaper when you’re buying in your 40’s, 50’s to your early 60s. According to the American Association for Long-Term Care Insurance, rate increases for long-term care insurance are generally two to four percent in your 50s and begin to increase six to eight percent per year in your 60s.
If you wait until you need services to start planning, your options may be limited. You may no longer qualify or you may not be able to find the information you need to make decisions. You may not have the money you need to pay for the services you want or you may have to rely on your family or others to make decisions for you. This may cause an incredible strain on everyone.
If you have any questions on polices or have additional questions before get a free quote, please contact our offices today.
2821 Oceanside Blvd. Unit E
Oceanside, CA 92054
Email: firstname.lastname@example.org or email@example.com
CA License Number: 0C175088