Long Term Care
Long Term Care Insurance
Long term care insurance provides financial support for health care needs that arise due to accidental injury, physical or mental illness, or aging. In the event that you are unable to care for yourself independently and need assistance to manage activities of daily living, this benefit gives you financial resources to do so without a significant depletion of retirement income and savings.
Long term care insurance is an important part of planning for the future. Factors such as your age, retirement plans, and budget should be taken into account when selecting a policy. Contact us
to learn more about long term care insurance policy options.
Eligibility
Eligibility for long term care insurance is determined by assessing an individual’s cognitive abilities or their ability to perform activities of daily living such as eating, bathing, toileting, and dressing.
The waiting period is typically between 30 and 90 days.
Benefits are commonly paid in one of two ways.
- Individuals can be reimbursed for eligible expenses up to a pre-determined policy maximum.
- Individuals can receive a monthly payment to allocate to their care needs at their discretion.
Long term care insurance is an important part of planning for the future. Factors such as your age, retirement plans, and budget should be taken into account when selecting a policy.
Contact us to learn more about long term care insurance policy options.