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:
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.
Home is now the preferred place that people want their care to be given.
Many want to ensure the financial security of a surviving spouse or protect against becoming a physical or financial burden to children.
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.
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.