Questions About Long Term Care Insurance?

What is LongTerm Care Insurance?
Long-term care is a step beyond medical and nursing care. It includes all the assistance you could possibly need if you ever have a chronic illness or a disability that leaves you unable to care for yourself for a prolonged period of time. Individuals can receive long-term care at home, in an assisted living facility or in a nursing home.

Who needs Long Term Care Insurance?
Most Americans plan carefully for their retirement while they overlook one of the greatest financial risks we all face as we age. That risk is the possible need for an extended nursing home stay or the need for continual care at home.

Almost everyone has car and/or fire insurance. However, aproximately only one in about 1200 homes actually catch on fire, and approximately one in 240 people use their car insurance. About 60% of men and women over the age of 65 will need long-term care. By the year 2020, 12 million people will need care, and most of these people will receive care at home.

When is the best time to buy Long Term Care Insurance?
The younger and healthier you are, the less premium you will pay over the course of your lifetime.

If you have any further questions regarding Long Term Care Insurance, please call our offices and we will be glad to assist you with whatever questions you may have.

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