Long-Term care insurance refers to coverage for the services needed by someone who cannot perform some of the basic Activities of Daily Living (ADLs) such as bathing, eating, toileting, continence, and moving around freely. There is no absolute standard for determining when this long-term care will be needed. The levels of care can vary widely. Often, benefits are paid in relation to the level of care provided. With LTCI, the inability to perform the activities of daily living (ADLs) or a substantial cognitive impairment may trigger benefits. Other factors include applicant’s build, medical history, cognitive status, prior use of health services, home environment, and social support available.
Long-term care insurance is not appropriate for everyone. People buy long-term care insurance for a variety of reasons. We want to make sure the person can afford the premiums now, and in the future, without any financial hardship.
Call and talk with one of our specialists for more information, eligibility and needs discovery process!