LONG TERM CARE

Being financially ready for the possibility that you will require long-term care is an important part of retirement planning. But too many people are still preparing merely by hoping for the best.

For anyone 65 and older, the odds are not in your favor. Statistics show 70% of those who reach 65 will need long-term care. With long-term care costing as much as $250 a day, it doesn't take long to completely deplete a lifetime of savings—even if you're "lucky" enough to only need it for a relatively short period of time.

What is Long term Care?  Long Term Care insurance policies reimburse policyholders a daily amount (up to a pre-selected limit) for services (Home Health Care, Assisted Living and Long Term Nursing Facilities) to assist individuals with activities of daily living such as bathing , dressing, or eating. You can select a range of care options and benefits that allow you to get the type of services you need, when you need them.

As you see Long Term Care is a vital component in preparing for one’s retirement and helping a client preserve their quality of life and financial wellbeing.

Our LTC department is ready to assist you in preparing proposal illustrations for your clients.

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