Plan for Long-Term Protection Needs
Long-term care needs can be one of the most catastrophic risks to assets. Yet, many Americans are inadequately prepared for such risks.
Unlike health insurance, long-term care insurance is designed to cover long-term services and supports in a variety of settings, including home health care, assisted living or nursing home care.
As long-term care costs have escalated and individual needs have changed, the insurance industry has developed new products and strategies to meet the evolving needs of the policy owner. It is critical to know all your options before making a choice on whether or not to consider long-term care insurance and which strategy may be the best suited for your situation.
This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it intended as any financial or tax advice. For information about specific insurance needs or situations, contact your insurance agent. This article is intended to assist in educating you about insurance generally and not to provide personal service. They may not take into account your personal characteristics such as budget, assets, risk tolerance, family situation or activities which may affect the type of insurance that would be right for you. In addition, state insurance laws and insurance underwriting rules may affect available coverage and its costs. Guarantees are based on the claims paying ability of the issuing company. If you need more information or would like personal advice you should consult an insurance professional. You may also visit your state’s insurance department for more information.