Long Term Care Insurance
You spend a lifetime working hard and saving for the future to ensure your family’s financial security. You purchase life insurance and disability income insurance, make investments and contribute to your retirement plan. While you can’t predict your elderly years, you can plan for it.
According to the statistics from the American Association of Long-Term Care Insurance, “the lifetime probability of becoming disabled in at least two activities of daily living, or of being cognitively impaired, is 68% for people age 65 and older.” This means that you and I have a 68% chance of using a long term care insurance policy! Compare that to a 3% chance of using your home insurance or a 17% chance of using your auto insurance. Yet, so many people fail to see the importance of having long term care insurance coverage.
Long Term Care Insurance (LTC) is designed to help you with expenses for everyday living assistance. Traditional medical insurance and Medicare will not cover extra costs should you need help with activities we take for granted like bathing, eating, or simply getting out of bed. LTC insurance options can provide for nursing home costs as well as home health care and assisted living. The insurance agents at Mountain Insurance: Longmont can answer any questions you have about TLC but here are a few details to get you started on seeing the benefits.
Benefits Of Long Term Care Insurance
- Allows you to maintain your independence
- Reduced financial obligations
- Provides for improved quality of care
- Reduces the stress for family members, knowing you are taken care of.
How TLC Premiums Are Determined
- Age and health history
- Maximum policy limit
- Maximum per day allowance
- Total number of days the coverage will pay for
Contact Gail Longenecker (303-808-9351, x5) to review your needs for life, disability, or long term insurance coverage in Longmont, CO, or our neighboring communities.
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