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Long-Term Care

The greatest gift of long-term care insurance is that it allows loved ones to supervise your care and not have to provide your care.

What is Long-Term Care?

Long-term care (LTC) goes beyond medical care to include all the assistance you could need if you ever have a chronic illness or disability that leaves you unable to care for yourself for an extended period of time (longer than 90 days). While older people generally require the most long-term care services, 40% of long-term care claims are paid to someone under the age of 64.*

Where Can You Receive Care?

  • At home
  • Assisted living facility
  • Services in community facilities
  • Skilled nursing facility

What is Your Plan Should You Need Care?

By allocating nothing for long-term care, you could be risking retirement assets. With the help of your family and your financial advisor, you can create a written plan to ensure care for yourself today and in the future.

Things you should consider:

Who would you want to care for you?

Your children, your spouse, a qualified professional, a nurse? How would this affect the lives of your loved ones and family?

Where would you like to receive the care?

Your home, an assisted living facility, a community center, a nursing facility, your child's home?

How will you pay for your care?

With your own assets? If so, which asset would you use first? Are they in taxable accounts? Are the assets liquid? Would you use a long-term care insurance policy?

It's important to have a clearly written plan so there's no confusion if you were to need long-term care. We can help define your goals and develop a plan that meets your needs.

* U.S. Government Accountability Office

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