Long-term Care Insurance is all about insuring one’s dignity – whether your own or that of a family member. It is a product whose demand has grown as people are living longer. With age often comes the need for help with aspects of daily living, such as dressing, bathing, eating, meal preparation, continence, transferring and walking. As one transitions from independence to dependence, Long Term Care can provide the financial reimbursement for assistance in these daily activities. Whether it is an in-home assistant, or full-time residence at a senior care facility, the costs are exorbitant. Long Term Care Insurance will provide for the financial resources necessary to cover the cost of: in-home care, assisted living, adult day care, respite and hospice care, nursing home and Alzheimer’s facilities.
Long Term Care is not age specific, nor is the need for these types of personal services, anyone at any age can find themselves in the state of dependence, and a Long Term Care policy can make the necessary assistance affordable. Whether for yourself or aging parents, it’s wise to consider this type of coverage to maintain dignity later in life. No one can truly anticipate the expense of long-term care and yet, without proper planning, it can disrupt even the most carefully-crafted retirement.