Long Term Care

How would your lifestyle be impacted if you or a loved one needed Long Term Care?

• LTC is the type of personal care a person of any age may need when he or she can no longer perform activities of daily living (ADLs) and requires someone else to help him or her with physical or emotional needs over an extended period of time. Activities of daily living include eating, bathing, dressing, continence, toileting, and transferring.
• LTC may be needed due to illness, accident, or effects of aging when a person needs assistance with normal activities of daily living such as walking, eating, bathing, and dressing.
• It is never too early to start planning to help protect your family, your finances, and your future. Premiums will be at the most affordable rates while you are young and healthy.

Expect to live a long life…

• Americans are living longer than ever before. Life expectancies have increased.

Expect to need long term care…

• Medical advances can often allow you to live a long life. Aging accounts for much of the need for Long Term Care. 
• You or a loved one will most likely need care. Many Americans will have at least one chronic condition.
• LTC insurance offers a choice about where and how care is received. Much like home, health, and auto insurance, Long Term Care insurance is available to help you protect yourself, your family, and your assets. Without it, most people pay the expenses out of pocket. 

   
How long could you afford to pay for care expenses? Reimbursement, Indemnity or Cash Benefit Payment?

• A reimbursement policy pays based on actual expenses up to the daily or monthly benefit. 
• An indemnity policy pays the benefit upon showing of care/visit per day.
• A cash benefit is a subset of indemnity payment and does not have to receive any care; the benefit is received after qualifying for benefits.