Long-term care insurance is different from traditional health insurance in several ways. Long-term care insurance was created to cover long term services and supports. This usually includes personal and custodial care either at home or in an assisted living facility or a nursing home. Most people make the decision to purchase long-term care insurance to protect their assets, ensure their independence and to provide quality care. Long-term care insurance provides a fund for your care when you no longer can take care of yourself. An analysis of your needs and goals can help you decide if long-term care insurance is right for you.
In general, long-term care insurance policies reimburse policyholders a daily amount up to a pre-selected limit for services they require for daily living such as bathing, or long-term care. The cost of your long-term care policy is based on such factors as how old you are when you buy the policy, the maximum amount the policy will pay per day, the maximum number of days or years the policy will pay, and optional benefits you can choose such as benefits that increase with inflation.
Long-term care insurance can be a great benefit later in life and can greatly enhance your quality of living. There are many factors to consider when choosing a long-term care insurance policy and United Allstar Advisors LLC is ready to help you navigate all of your different options. Contact an United Allstar Advisors LLC agent today to learn more about long-term care insurance and all the benefits you can take advantage of by planning early.
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Talk to an United Allstar Advisors LLC agent today and let us take all the worry and stress out of choosing insurance and retirement solutions that work for you. We have years of experience helping people choose the best health insurance Medicare and retirement plans for their needs. We’re dedicated to helping you find your perfect solution.