Why purchase Long-Term Care insurance?
At least 60% of people aged 65* will need long-term care at some point. Due to the increase of chronic illnesses in people of all ages, along with injuries and accidents, 40% of people who currently receive LTC services are under age 64. And our senior citizen population is growing. Long term care insurance can help cover the considerable cost of long term care and help protect your assets for your loved ones. This is something you cannot expect from other benefits. It is not likely that health or disability insurance will cover long-term care. Medicare provides coverage only when recovery is anticipated. You must impoverish yourself to qualify for Medicaid, and benefits are becoming less and less comprehensive. Back to Top >> When should I purchase Long-Term Care insurance? Facing the illnesses and conditions that require long-term care can be overwhelming. Adapting to a long-term care situation can create tremendous emotional and financial stress. Purchasing long term care insurance
