Long Term Care

Long Term Care Planning has become an important topic

Most of us expect to live long and healthy lives. But, as we grow older we may suffer from a disabling accident or chronic illness or simply grow old enough to be unable take care of ourselves. Long Term Care Insurance is just one way to pay for the cost of care and many Americans recoginize this as a means to cover future expenses and to protect their hard earned assets and families.

 A long-terrm care event can come at any time where you need help with at least two activities of daily living (bathing, continence,dressing, eating, toileting and transferrring for at least 90 days or have been disanosed with a cognitive impairment.

There is good news regarding how to pay for this imporant coverage.

Gone are the days when there were only "traditional plans" on the marketplace where people had to endure a long and often frustrating "underwriting" process.

Today’s market continues to feature traditional plans but in the last 10 years we have seen the advent of "hy-brid plans" which feature a combination life insurance and long-term care coverage and even annuity hy-brid plans. 

These hy-brid plans offer people tremendous flexility in design and cost and and include single pay, 5 pay, 10 pay, 20 pay as well as life pay.

Finally, several offer a return of premium which helps allay the worry "what if I don’t need coverage any longer"?

Which plan is best for you? At this point I don’t know but let’s talk and see if we can design something that fits your needs and budget.

 CLICK HERE FOR THE GE LTC COST OF CARE