About Long-Term Care Insurance

What is Long-Term Care Insurance?

Long-Term Care Insurance, not to be confused with disability insurance, offers people a financial safety net designed to cover a wide range of long-term care services. If you are unable to care for yourself because of prolonged illness or disability, long-term care insurance may pay for the kind of services you need. Such services may include help with activities of daily living, home health care, respite care, adult day care, care in a nursing home or care in an assisted living facility.

Reasons People Buy:

Long term care insurance

Protect Assets

Most people would prefer to leave their hard-earned assets to their children, grandchildren or favorite charity rather than spend it on long-term care services.

Long term care insurance cost

Remain Independent

Home is now the preferred place that people want their care to be given.

Insurance for Long Term Care

Family

Many want to ensure the financial security of a surviving spouse or protect against becoming a physical or financial burden to children.

Long term care policies

Quality of Care

Many people do not want to rely on the Medicaid/Welfare system to provide care. They do not want to lose their independence or choice of who cares for them and how and where that care is provided.

Long term care insurance cost

Quality of Care

The Long Term Care Insurance Federal Partnership Program offers dollar-for-dollar asset protection.

$$ THINK CASH $$

What Are the Options When Choosing A Policy?

The choice is what we’re about at LTCi Advisors, Inc., and we offer the easiest and most beneficial policies available.  Our favorite is what we call the NEW GENERATION of long-term care policies, otherwise known as a cash benefit.  With the usual policy, you must first incur the expense of long-term care in order to be reimbursed by the insurance provider. A NEW GENERATION policy offers you CASH deposited into your bank account upon doctor’s notice, after your deductible period, that you can’t perform two of the six activities of daily living.

That’s it! No strings attached, no exclusions, and no restrictions. Spend the cash as you like, on the quality of services you prefer.

Other Things to Remember:

Checklist When Buying Long-Term Care Insurance:

1. Educate

We will cover everything involved in long-term care insurance and make sure you understand everything involved. Feel confident in your understanding of the coverage and options available to you.

2. Family

Discuss your plans with family to consider what level of care can or cannot be provided and determine what level of insurance is best.

3. Options

Policies can be molded to each individual to best suit one’s needs. From aggressive inflation protection to shared benefits, you have a choice.

4. Cost

Sometimes the least expensive plan is not the wisest choice because coverage can then be limited or provide few options. Consider the long term impact of each policy and its offerings.

5. Just Right

Buy only what you need and consider the average rates of care in your area. We can research the average costs of home health care, assisted care and nursing home care in you area to find the best level of coverage.

6. Buy When You Are Young

Rates for insurance are based on your age when you first buy coverage. The younger you buy, the lower the price – and it can be dramatic!

7. Inflation

Be sure your plan benefits are protected from inflation so that they are adequate to meet your future needs. All of our plans over various levels of inflation protection.

Consider These Statistics: