Long-term care insurance (LTC) is an insurance product that helps pay for the costs associated with long-term care. Long-term care insurance covers care generally not covered by health insurance, Medicare or Medicaid.

Individuals who require long-term care are generally not sick in the traditional sense but are unable to perform two of the six activities of daily living such as dressing, bathing, eating, toileting, continence, transferring (getting in and out of a bed or chair), and walking. Age is not a determining factor in needing long-term care. Once a change of health occurs, long-term care insurance may not be available. Long-term care is an issue because people are living longer.

Long-term care insurance can cover home care, assisted living, adult daycare, respite care, hospice care and nursing homes. If home care coverage is purchased, long-term care insurance can pay for home care, often from the first day it is needed. It will pay for a visiting or live-in caregiver companion, housekeeper, therapist or a private duty nurse. Many professionals suggest shopping between the ages of 45 and 55 as part of an overall retirement plan to protect assets from the high costs and burdens of extended health care.

One of a retiree's biggest fears is the cost of paying for long-term care and not being a burden on their family. With long term care insurance, you can feel financially stable while maintaining your self-respect.

We are experienced in a particular long-term care funding strategy product called a hybrid long-term care policy. This type of policy combines the benefits of life insurance with long-term care benefits. With this type of policy, if it turns out that long-term care is not needed, the policy works much like a traditional life insurance policy, with a death benefit paid to a beneficiary when the insured person passes away.

Let us guide you through the process of this very important decision. The complexities involved can be disturbing, but not with our professional help.