Long Term Care Insurance

Long Term Care Insurance provides financial protection for services that support daily living over an extended period. This type of care is designed primarily for seniors and includes assistance with activities such as bathing, dressing, eating, mobility, and using the restroom. Coverage can apply in various settings, including private homes, community organizations, and care facilities.

Individuals with Long Term Care Insurance are typically reimbursed a daily amount to help cover these essential services.

How Premiums Are Determined

• Your age when you purchase the policy.
• The maximum daily benefit.
• The maximum number of years covered.
• The lifetime maximum payout (daily amount × number of days covered).
• Optional benefits selected.

Who May Not Qualify

• Individuals in poor health.
• Those already receiving long-term care services.

Key Benefits of Long Term Care Insurance

• Flexible policies that let you choose the care you need.
• Financial assistance for essential daily activities.
• Guaranteed monthly benefit payments.
• Freedom to select your preferred care location.
• Support and services if there is a loss of independence.
• Access to health professionals who visit your home to assess needs and coordinate care.