Different Types of Care
It is difficult to prepare for the possibility that you or someone you love may need long-term care (LTC) as a result of an accident or illness. LTC insurance can help pay for LTC expenses should you or someone you love develop a chronic condition and need assistance with activities of daily living (ADLs).
Types of LTC
If you have substantial income and assets worth protecting, you should consider looking into LTC insurance, which can encompass three distinct types of care:
24-hour-a-day care by a registered nurse under a doctor's supervision
Occasional nursing and rehabilitative care under the supervision of medical personnel
In-home assistance with daily activities is considered LTC and is becoming more prevalent
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Contact a Financial Planner to help you determine the short-term or long-term nature of your needs, as well as how the life insurance coverage available can help fulfill them. They can analyze your current cash position to assure the life insurance coverage you choose is appropriate and affordable for you.