Hi, you may be wondering, what is Long Term Care? Long term care insurance is insurance that helps cover the cost of long-term medical and personal care for people who can not perform daily activities like bathing, dressing, and eating because of a chronic illness, disability, or cognitive impairment. Long term care insurance is designed to provide financial protection for people that need extended care services in a nursing home, assisted living facility, or at home.

Long-term care insurance policies vary in the types of services covered, the length of coverage, and the cost. Some policies may cover services such as nursing home care, assisted living, home health care, and hospice care. Other policies may only cover certain services or have a limited benefit period.

A long term care insurance policy's cost depends on a few things like your age at the time of enrollment, the amount of coverage, and the type of policy. Long term care insurance policies can be expensive, and the cost tends to increase with age. However, there are options to include this type of coverage in a life insurance policy.

Long term care insurance does have a big advantage of helping to cover the high cost of long-term care services, which can be financially devastating for people and their loved ones. Long term care insurance can also provide people with the freedom to choose their care setting and how they receive care without worrying about the cost.

Importantly, long term care insurance is not for everyone. It may not be suitable for individuals with a limited budget. And, long-term care insurance policies can be difficult to understand, and it is important for individuals to carefully review the policy terms and exclusions before purchasing. We can certainly look over your options and answer the questions that you have about long term care insurance.

So, longterm care insurance is insurance that covers the cost of long term medical and personal care for people who can not perform daily activities because of a chronic illness, disability, or cognitive impairment. Long term care insurance policies can vary based on the types of services covered, the length of coverage, and the cost. It can provide financial protection for the high cost of long-term care services and allow individuals to choose their care setting, but it may not be suitable for everyone.