Long term care insurance is designed for flexibility to keep those insured in control of the services they receive. Benefits are paid when the insured has a long term care need. Most important, some of the financial risk can be transferred from the individual to an insurance company for a fixed cost
The amount of long term care insurance coverage you need will depend upon the cost of nursing home care in your area along with your ability to pay for your care from savings, investments and other resources.
Funding a potential long-term illness or disability without depleting your savings and invested assets can be done in many ways. Some are more viable than others depending on your situation.
If you need to create a plan or your current plan is not meeting your objectives and you wish to make changes to keep it on track Contact Us