Long-Term Care Insurance
I work with clients to explore Long-Term Care (LTC) insurance solutions designed to help protect retirement assets, preserve independence, and reduce the financial impact of extended care.
What does Long-Term Care Insurance cover?
Long-term care insurance can help pay for services that may be needed when someone requires assistance with everyday activities or ongoing care. These expenses are generally not covered in the same way as ordinary medical care, and Medicare does not generally pay for extended custodial long-term care.
Depending on the policy, benefits may help cover services such as:
Assisted living
Skilled nursing care
Home health care
In-home caregiving assistance
Many people prefer to receive care in their own homes when possible, and some long-term care policies provide benefits for home-based care as well as facility-based care.
Why consider Long-Term Care planning?
Protect Retirement Savings Long-term care expenses can place a significant financial burden on savings and other assets.
Preserve Independence Coverage may provide access to care options that allow you to receive assistance in the setting that works best for you.
Reduce Family Burden Planning ahead may help reduce the financial and caregiving responsibilities placed on spouses, children, or other family members.
Plan Ahead Depending on age, health, and other factors, obtaining coverage may become more difficult or expensive later in life.
Types of Long-Term Care Insurance
Long-term care coverage can be structured in different ways depending on the policy and the insurer. We can discuss the differences between available options and how they may fit into your broader financial and retirement planning.
Traditional Long-Term Care Insurance Coverage designed specifically to provide benefits for qualifying long-term care expenses.
Hybrid Life Insurance with Long-Term Care Benefits Certain permanent life insurance policies may provide access to benefits for qualifying long-term care expenses while also providing a life insurance benefit. The specific benefits, eligibility requirements, costs, and policy provisions vary by product.
What does Long-Term Care cost?
The cost of long-term care can vary significantly depending on where you live, the type of care you receive, and whether care is provided at home or in a residential setting.
The federal government’s Cost of Care tool can help you explore the cost of care in different locations and compare those costs with the national average.
How can I plan for long-term care?
Long-term care needs can vary considerably depending on your age, health, family circumstances, financial resources, and the type of care you may want in the future.
Contact me so I can learn more about your circumstances, and we can work together to explore long-term care coverage options appropriate to your needs.
Complete the brief form below, and I’ll review your information and follow up within two business days.
Long-Term Care insurance available in*:
California
Washington
*Licensing does not guarantee that every insurance product or carrier is available in every state. Carrier appointments, underwriting requirements, product availability, and eligibility vary by state and by individual risk.
If I am not currently licensed to offer the insurance solution(s) you are seeking in your state, I may be able to obtain the necessary licensing or connect you with a licensed professional who can assist you.