Today, you're healthy. What about tomorrow? What if you or your spouse becomes physically or mentally incapacitated? Long term care could be required, including custodial care, assistance with daily activities like eating, bathing, getting dressed, toileting and transferring either in your home or a nursing facility. Protect yourself and your family financially. Be prepared with Long Term Care Insurance.
• Genworth Financial
• John Hancock
LTC refers to care needed over an extended period of time due to a chronic illness or disability. It doesn't cover a short-term hospital stay or illness. LTC Insurance covers medical services, such as nursing care or therapies, assisted living facility care and daily living activities, whether in a nursing home or an individual's home. Couples with children are likely candidates for LTC. In this case, insurance protects both an inheritance and the children having to finance a parent's care. However, adults might want to think about LTC for their parents as well, considering the cost of nursing home care.
First, your good health today will allow you to qualify for coverage. After you gather the facts, it is up to you to decide if you want protection. If you wait, health problems could disqualify you.
Second, rates are based on your age. The younger you are, the less expensive Long Term Care Insurance is. Additional discounts are also available to you, as a member, and your family. There has never been a better time to fit Long Term Care Insurance into your financial planning puzzle.
To find out more about Long Term Care, call 757-898-0089 and ask for Michelle Dick, who will personally see that your needs are met with prompt and courteous service. It's important that you understand not only what your financial exposure may be, but what options are available to protect you in the years to come.