Long-Term Care Insurance
Preserve the Independence that You've Earned Over a Lifetime
It's easy to take our ability to perform day-to-day activities for granted. But this can change, especially as we age. This is why it’s so important to consider your future healthcare needs as you build and review your retirement savings and income plans.
Long term care insurance provides an income-style benefit if you become unable to care for yourself due to aging, an accident, illness or deteriorated mental abilities. The money is for you and your family to use as you wish – you do not need to submit receipts for reimbursement – giving you more control and choice while helping to protect your savings and income.
You should consider this coverage if:
You’re concerned your retirement income might not last for your lifetime if your health deteriorates and government programs are insufficient to meet your needs
You want the financial resources to help you choose the type and level of care that’s right for you if you have an accident or need substantial care later in life as you age
You want to protect your wealth and legacy from being eroded by the cost of care
Long term care insurance can help you:
Bring care into your home so that you do not need to downsize or move to a facility right away
Lessen the burden on care-givers and support your family financially if you are going to live with them if you need care
Manage your care and expenses if you have an unexpected severe accident, at any age, that results in your needing substantial assistance from a family member or care-giver
provides tax-free funds of up to $10,000 per month for long-term care services in your home or in a long-term care facility