Learn More About Long Term Care Insurance
Long-term care insurance policies cover assisted living care. Depending on a mental or physical diagnosis, some long-term care insurance policies offer a nursing home care benefit which can be used to pay for assisted living.
The policy may also include a designated payment for home care, which can then be paid directly to the assisted living community or to the beneficiary, who can then use it to pay for assisted living.
In the event your loved one has not purchased long-term care insurance, it may be too late to do so. Most individuals seeking to purchase life insurance should do so by the age of 60 or 65 at the latest, and pay premiums for some time before they require coverage. If you have questions or need some assistance reviewing your policy, your Senior Living Financial Specialist team is here to help, free of charge.
If you purchased long-term healthcare insurance we can help you review your policy to determine if it will pay for your long-term care
Discuss how your life insurance may have cash value to fund or supplement your long-term health care
Do you need guidance on ways to pay for your senior living community?
We help you understand your options and ways to maximize resources available to you!
OPTIONS FOR FUNDING YOUR LONG TERM CARE
If you have a life insurance policy, you may be able to transform that policy into a pre-funded financial account that will disburse a monthly benefit stipend to help you pay for long term care needs.