Today, we’re living longer than ever. The longer we live, the more likely we may suffer a chronic or disabling illness that requires in-home care or a stay in an assisted living facility or nursing home. According to recent statistics, 70% of 65-year-olds will need long-term care services someday.1
The costs of these services are expensive (average annual cost of nursing home care is $102,2002) and are expected to increase every year. Contrary to popular belief, Medicare, major medical and health care plans, and disability insurance will not cover most costs for these services. These expenses can quickly deplete your personal savings and may impact your retirement dreams.
Long-Term Care (LTC) Insurance can help you pay the cost of your care and help keep your savings intact and lessen the impact of care on your loved ones. It may also help you maintain your independence by allowing you to stay in your own home as long as possible, rather than receiving care in a nursing home or assisted living facility. Advantages include:
There isn't a one-size-fits-all solution for long-term care. Everyone's situation is different. We'll work together to customize a long-term care policy that meets your individual needs and fits within your budget. For information about rates, eligibility and underwriting guidelines proceed to GET STARTED. A licensed representative will provide expert advice and the best options to secure your family’s future.
Answers about the plan, including eligibility, options, enrollment, customer service and more.
Who is the provider?
How can this help me?
When can I enroll?
How much will this coverage cost?
What if my employment status changes?
What is the cost of waiting to purchase Long Term Care Insurance?
If you are thinking of waiting to purchase LTC insurance coverage, consider the impact of waiting:
Waiting delays the covering of your LTC risk and can cost you money and deplete savings.
Won’t the Federal Government pay for my Long Term Care?
2Genworth Cost of Care Survey 2019, conducted by CareScout, June 2019