The odds are that at some point in your life, you’ll need long term care. Long term care is defined as sub-acute care that is required because an individual has a prolonged illness or injury and needs help from others in order to live. One may need assistance in order to perform two or more activities of daily living (bathing, continence, dressing, eating, toileting or transferring), and/or one may need supervision due to cognitive impairment. Unlike other types of health insurance, Long term Care Insurance covers the costs of care in any home or facility by a professional caregiver.
Our generation has been blessed by an increasing average life span, due to advances in medical science. We are living almost twice as long as our ancestors did only 100 years ago. But with this blessing comes the drawback that the longer we live, the more likely that we will need long-term care before we leave this world. This can have a profound financial and emotional effect on for you and your loved ones.
Protect Your Family
Whatever the trigger- an accident, illness or old age, a long term care event can be the single greatest risk to your retirement nest-egg. It can also place enormous emotional, physical and financial burdens on your loved ones. Your family members have to set aside major parts of their lives, sacrificing career advancement, higher education and their own financial security to become your full time caregiver. Your final years don’t have to be a burden to your family. With Long Term Care Insurance you can preserve your assets, your dignity and your legacy.
A California Long term care insurance (LTCI) policy helps you protect:
• Your assets. The high costs of daily care are covered when you need it.
• Your independence. You decide where you receive professional care, at home or at a facility.
• Your family’s peace of mind. Optimize your care through a professional care coordinator.
• Affordable rates. The sooner you buy LTCI, the more you’ll save. Locking in your rates protects you against increasing costs of inflation.
Visit our Learning Center to learn more about Long Term Care Insurance
Insuring your future care ensures your peace of mind. Contact us today to talk to one of our specialists and learn more about your options.