Long-Term Care

Have you thought about how an unexpected long-term care need could impact your savings, retirement plans, or your family’s financial security? Do you know someone that has needed long-term care?

70% of people age 65 and older will need some form of long-term care

70%

Only 4% of Americans have a dedicated long-term care insurance policy

4%

About 42% of long-term costs is covered by Medicaid on average for Americans

42%

A young woman and an elderly man are sitting on a floral-patterned sofa, smiling and looking at each other while sharing a photo album in a sunlit living room with a large window and green outdoor view.

Traditional Long-Term Care Insurance

Long Term Care (LTC) Insurance is coverage that provides nursing-home care, home-health care, and personal or adult daycare for individuals that are not able to perform two out of the six Activities of Daily Living (ADL) or suffer from a severe cognitive impairment. LTC insurance offers more flexibility and options than many public assistance programs, such as Medicaid.

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Hybrid Long Term-Care Insurance

Rather than purchasing two separate policies — a life insurance policy and a long term care policy — you can own a single product, to be used for life insurance protection and to help pay for long term care services. A Long Term Care Rider can be added to certain types of our life insurance. This rider gives you access to money from a part of your life insurance policy during your lifetime if you’re receiving long term care services as a result of a chronic illness.

Let’s take the next step in securing your path to the future.