As we age, the need for long-term care services becomes increasingly likely. But is long-term care insurance (LTC) the right choice for you? Here’s what to consider:
What Does LTC Insurance Cover?
LTC insurance provides coverage for services like in-home care, assisted living, and nursing homes, helping with daily activities such as bathing, dressing, and eating.
Who Needs LTC Insurance?
If you want to protect your assets, avoid financial strain on your family, and secure quality care, LTC insurance is worth considering. It’s especially beneficial if you have a family history of chronic illnesses or disabilities.
When Should You Buy?
The best time to purchase LTC insurance is in your 50s or early 60s when premiums are lower and health qualifications are easier to meet.
Benefits of LTC Insurance
- Protects your savings and assets.
- Reduces the financial burden on your family.
- Provides access to better care options.
Let Gail Brokerage help you navigate the complexities of long-term care insurance and find the perfect policy to meet your needs.