Long term care insurance solutions

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Long Term Care is the care associated with the need for help with ones Activities of Daily Living (bathing, dressing, toileting, continence, transferring or eating) or Continuous Supervision due to a cognitive impairment such as Alzheimer’s disease. This type of care can be provided either in your home, as assisted living facility or a nursing home. 

One reality that is almost inevitable is the need for long term care – for yourself or someone you care about. In fact, about 70% of Americans over 65 will need some form of long-term care. Even those under 65 face the risk of injury or illness that could require long term care. 

The time to explore your options is before a need occur since one needs to be in fairly good health. 

The cost of Long Term Care can be very expensive. Click on the button below to learn about the cost of care in your state.

Today there are many solutions available to individuals and families to help with the expenses associated with long term care needs. 

1. Stand Alone Policies – these types of policies have been around since the 1970’s. They provide care in all types of settings: in your home, an assisted living facility, or a nursing home. 
2. Asset  Based Policies -  there are two types of asset based policies  -   life insurance policies with a rider for long term care and  “hybrid” policies that blend long-term care insurance with another form of insurance such as life insurance or annuities.