Long Term Care Insurance

How to help cover the cost of taking care of yourself when you no longer can.

You’re doing the hard work of saving so you can live the life you want in retirement. Long-term care coverage is the next step in helping you keep that lifestyle. 

You may not realize that 70 percent of people age 65 and older will need some kind of help with everyday activities—like getting dressed or going to the doctor.1 Health insurance generally doesn’t cover this type of care and almost half of people who need long-term care spend over $107,000.2

It’s good to consider purchasing long-term care insurance while you’re still healthy, because you might not qualify for it later on if your health changes.

With many options to choose from, you can create a strategy that’s uniquely yours.

Traditional Long-Term Care Insurance

The most long-term care protection for your dollar.

Traditional Long Term Care Insurance is a way to take greater control of your future while helping protect your loved ones from the impact of a possible long-term care event. This type of policy gives you choices about the kind of care you can get, including whether you will receive care at home or in a facility. This ensures that the funding is there for what you want, when you need it.

Consider Traditional Long-Term Care Insurance if you’re looking for:

• The most long-term care coverage for your dollar
• Coverage with the broadest set of options
• Protection for your assets and income in retirement

Combination Long-Term Care Insurance

Sometimes, great things come in pairs. This is one of those times.

This coverage pays for long-term care if you need it or a larger life insurance benefit when you don't. This way, you’ll be prepared for just about anything that comes up later. The long-term care benefit pays for home care, facility care, and care provided by family members. If you use all of it, your family is still protected with a small death benefit. There’s also a built-in money-back guarantee if you don’t use any long-term care benefits.

Consider a combination policy if you’re looking for:

• Premiums guaranteed never to increase 
• Ability to pay for a defined period of time
• Long-term care and a guaranteed death benefit, all in one 
• A money-back guarantee

For more information and costs of long-term care contact us.