Long Term Care
The government is providing less and less to the aging population that needs additional assistance either at home or in a nursing home. This situation will continue to deteriorate as the baby boomer ages. The new sandwich generation is looking at providing for our aging parents and the mix of emotions that their situation provides. Would you not want to have the choice of staying at home or going to a nursing home?
Is there a better way? As the baby boomer generation ages, there will be less money to provide for those requiring daily nursing needs. Long Term care insurance provides tax free payment of money for either home-based care or care in a facility due to a functional or cognitive impairment such as Alzheimers. Functionally Dependent – means you lose your ability to perform two or more of the six activities of daily living, i.e. bathing, eating, dressing, toileting, transferring and maintaining continence.
What is the cost of long term care?
Long Term Care Insurance pays a monthly benefit to you while you are living. The benefit does not depend on the actual cost of care and no reporting of expenses is required. The benefit is determined at the time of application.
Contact us for more information on this essential protection.