Protect Your Savings with Long-Term Care Insurance
Long-term care insurance can not only protect your retirement savings against having to pay for services out of pocket, it can also protect your quality of life by planning ahead. Long-term care covers services not covered by regular health insurance.
This includes assistance with routine daily activities, like bathing, dressing, eating, or even just getting out of bed. Individuals age 65 or older or with a chronic or disabling condition could need more extensive supervision through nursing-home care, home-health care, or adult day care.
Long-Term Care Insurance Rates Depend On:
- Type and Quantity of Coverage: You may need higher limits on daily benefits, fewer restrictions on the types of care covered, or even adjustments to protect against inflation and more.
- Age and Health: The older you are and the more health problems you have, the higher the cost of your policy.
- Gender: As women tend to live longer than most men, they have a greater chance of making long-term care insurance claims so the rates might reflect that possibility.
- Your Marital Status: Premiums are usually lower for married people than single people.
Prices for the same amount of coverage will vary among insurance companies, so that’s why the team at Dan Thompson Agency works hard to compare quotes from different carriers and find the right fit for your needs.
Whether long-term care insurance is the right choice for you depends on your situation. You won’t qualify for long-term care insurance if you already have a debilitating condition, so it is important to consider a policy before you will need it.
Protect Your Savings with Long-Term Care Insurance
Long-term care insurance can not only protect your retirement savings against having to pay for services out of pocket, it can also protect your quality of life by planning ahead. Long-term care covers services not covered by regular health insurance.
This includes assistance with routine daily activities, like bathing, dressing, eating, or even just getting out of bed. Individuals age 65 or older or with a chronic or disabling condition could need more extensive supervision through nursing-home care, home-health care, or adult day care.
Long-Term Care Insurance Rates Depend On:
- Type and Quantity of Coverage: You may need higher limits on daily benefits, fewer restrictions on the types of care covered, or even adjustments to protect against inflation and more.
- Age and Health: The older you are and the more health problems you have, the higher the cost of your policy.
- Gender: As women tend to live longer than most men, they have a greater chance of making long-term care insurance claims so the rates might reflect that possibility.
- Your Marital Status: Premiums are usually lower for married people than single people.
Prices for the same amount of coverage will vary among insurance companies, so that’s why the team at Dan Thompson Agency works hard to compare quotes from different carriers and find the right fit for your needs.
Whether long-term care insurance is the right choice for you depends on your situation. You won’t qualify for long-term care insurance if you already have a debilitating condition, so it is important to consider a policy before you will need it.