Long Term Care Insurance, often referred to as Nursing Home Insurance, is one of the most overlooked of all insurance needs. Although no one wants to live in a Nursing Home, most Long Term Care Insurance policies now also pay for Home Health Care and Assisted Living Center expenses. With the cost of a Nursing Home at or above $4,000 a month and an Assisted Living Center cost being at or above $ 2,500 a month, a person can quickly spend all of their savings and investments in a very short time.
Long Term Care Insurance should be considered by everyone approaching 60 years of age. This allows for an affordable premium when most people are still in reasonably good health. When selecting a Long Term Care company one needs to be extremely cautious in choosing a reputable company that has a long stable history. One also must be sure the policy will include inflation protection and an adequate amount of lifetime benefits.
This is one insurance product that should not be purchased from a door-to-door salesman, through a mail solicitation or over the internet. You need a reputable agent that will help you understand the policy and its benefits.
We are anxious to review your needs and goals and help you make the best decision in regard to a Long Term Care policy.