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WHAT EXACTLY IS
LONG TERM CARE INSURANCE?
… and why do I need this coverage as part of my financial plan?
Long Term Care (LTC) Insurance is an integral part of your financial planning for retirement. It offers protection from the rising costs of long term care by providing resources for community-based or institutional services to assist you when you are no longer able to care for yourself or when supervision is required with basic daily personal activities. Many people assume that Long Term Care insurance provides coverage specifically while residing in a nursing home. But that is only one of many LTC services covered by this important financial protection.
Typically, LTC nursing facilities, home health care, adult day care, assisted living facilities, respite care and care coordination services are among the variety of services included in LTCi plans.
As you can see, there are many options and benefits available to choose from. A qualified LTCi Specialist has the knowledge, tools and experience to guide you in navigating the wide spectrum of coverage alternatives and plans as you consider the options and make your selection.
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