What is long term care?
Long-term care is the assistance needed over an extended period of time to manage rather than cure a chronic condition such as arthritis, a stroke, dementia, the frailties of aging, recovery from surgery or accident. Care could be needed for weeks, months, or years.

Long-term care can include assistance in your own home, in a residential care or assisted living facility, adult day care, or in a skilled nursing or Alzheimer's facility.

Assistance may be needed when you are not able to do some of the basic "activities of daily living" (ADLs) such as bathing, dressing, toileting, or moving from a bed to a chair.
 
The need for long term care can happen to anyone at anytime but most people don't think it will ever happen to them. A Government Accounting Office study showed that 40% of those receiving care today are under 65. Long term care is the largest unsecured risk facing Americans today.

The 50-59 age group was the largest age group to buy long term care insurance in 2016. This group has seen firsthand the devastating effect that long term care costs can have on families and friends.

Planning begins with requesting a quote (on your right). You will be emailed a quote and product brochures from the top companies. Next, you can apply for approval by either mail or meet with an agent. If approved you will be billed for the policy and you will have 30 days to review it.

If you are thinking you can self-insure with $2,000,000 in the bank, you don’t actually have $2,000,000. You have $100,000. That's about the income that $2,000,000 will generate annually. Since it is likely that those funds have already been allocated to support your lifestyle and keep financial commitments, the question becomes, “Where will the income come from to pay for care, should it ever be needed?"

Why Should You Plan?
Because, at least 70 percent of people over age 65 will require some long-term care services at some point in their lives. And, contrary to what many people believe, Medicare and private health insurance programs do not pay for the majority of long-term care services that most people need - help with personal care such as dressing or using the bathroom independently.

LTC insurance is health underwritten, which means you have to be reasonably healthy to be able to purchase it. You can't buy insurance once you need care!

Different companies underwrite and price differently, and the younger you are the cheaper it will be. If you cannot pass health underwriting you can consider an annuity with long term care benefits, contact us for more information.
 
With the Deficit Reduction Act of 2005, the federal government sent a clear message to Americans — paying for long-term care is your responsibility. The Act made it more difficult to qualify for Medicaid paid long-term care. It also expanded the Partnership Program to provide asset protection from Medicaid spend-down requirements. We are Long Term Care Partnership certified and can answer any Partnership questions.

Planning begins with requesting a quote (on your right). You will be emailed a quote and product brochures from the top companies. Next, you can apply for approval by either mail or meet with an agent. If approved you will be billed for the policy and you will have 30 days to review it.

Get a long term care insurance quote here: Guide To Long Term Care