Long Term Care insurance is a defensive financial tool that provides money should you enter a nursing home or need home health care. If you are cognitively impaired or can’t perform 2 out 6 activities of daily living, you will probably need a health care professional to help provide you care especially if your family is not in the area or trained.

Have you ever had a loved one enter a nursing home? Do you know what the costs are? Are you aware of what a full-time caregiver at home would cost per month? Will you have the training to take care of a loved one? Will you have the time to provide the best care especially if you have to work?

LTC insurance should be considered as part of your financial game plan before you retire. Coverage can be obtained through a traditional LTC policy or as part of a life insurance policy. If there is a cognitive impairment like dementia or alzheimers a long term care policy will help pay for properly trained people to provide the care needed. If the mind is working great but the body is broken down, long term care policies will provide the funds as well.
Purchasing a policy is an emotional decision and one of the hardest to make. Statistically, everyone that reaches the age of 65 has a 40% chance of needing care and the number rises as you get older. While many people believe they will just die, perhaps, the human spirit and medical technology keep people going.

We coach our clients through the process to help purchase the best long term care insurance for their financial situation. Our role is to ask questions, investigate options and provide information to help our clients make a solid financial decision.