It's time to think about things that you probably do not want to think about: age, wear diapers, and not be able to take care of ourselves.
In other words, we need to discuss and you need to consider long term care insurance long ... and not just because November is the long-term care awareness month.
Why? Because, according to USA Today , there is a 70% chance that you will need long term care after reaching the age of 65. If you do the math, that means there a chance of 91% that you or your spouse will need long term care at some point. All this means that it's a safe bet that if you purchase some form of long term care insurance, you will actually need on the road.
How do you get insurance Long Term Care?
There are two ways to make sure that you are covered with long term care insurance you can either buy a life insurance policy with a rider of long-term care, or you can purchase a separate insurance for long term care. With these options you want to receive funds to cover the care needed for activities of daily living or severe cognitive impairment (if you qualify), including home health care, assisted living, houses nursing, etc.
Why should you consider a long-term care insurance? Why buy as a pilot?
At AccuQuote, we can help you whatever you want, but here are some compelling reasons you have to explore the purchase of long-term care insurance as a rider added to your life policy:
- live in care can cost $ 0 per day and a nursing home can be up to $ 300 per day (and today, it will only cost more years from now!) - which is as much as $ 219,000 per year if you and your spouse need care at the same time. Without long-term care insurance, the financial burden may fall to your children or other relatives (that is, after your savings have been completely destroyed!)
- Standalone assurance of long-term care can be very expensive, and the rates can be raised at any time; LTC rider premiums are guaranteed not to increase as long as your policy is in force
- There is a waiting period of 0 days before the traditional long term care insurance policies will start to pay your advantage !; NOT the case with many LTC rider policies!
- The premiums could be wasted if you buy an independent policy and never file a claim!
- a long term care rider is a surprisingly affordable addition to a traditional life insurance policy
How does it work?
With a LTC rider, the death benefit of life insurance is like a pot of money. It can be used for long-term care or it goes to your family (win-win) when you die. For more information, see the video below.
As I mentioned earlier, we are here to support you in whatever choice you make. If you have questions about long-term care insurance or how a traditional life insurance policy can be used to cover the cost of long term care, call us at 800-442-9899 . One of our specialists will help you analyze your needs and determine what type of coverage may work better for you. Or, if you prefer, you can request a free quote long term care insurance HERE . Just enter your information and someone will call you to discuss your options.
0 Komentar