Long-Term Care Insurance

Long-term care insurance is a type of insurance that is designed to cover long-term care needs, services, and support. It pays when the need for assistance arises from a chronic illness, for example. It’s private insurance that, much like individual life or health insurance, you purchase yourself. In some instances, there are varieties of long-term care insurance that are designed and sold as group policies.

Unfortunately, Medicare does not cover all the costs that you may need as you age, like nursing homes/assisted living facilities costs and other related expenses. Long-Term Care Insurance covers those expenses, and we can help you get Long-Term Care Insurance that will help you meet your needs.

Below are just a few of the Long-term Care Insurance-related problems we’ve been able to solve for clients. Click the silver bar for each problem to learn more about how we can solve them.

High Cost of Long-Term Care Insurance

The potential high cost of long-term care services, such as nursing home care or in-home care, can significantly deplete assets. Long-term care insurance provides financial coverage for these expenses, preserving your wealth and ensuring you receive the necessary care without financial strain.

Protecting Family Members from Financial Burden

High net worth individuals and families often worry about the financial burden their long-term care needs might place on their family. Long-term care insurance alleviates this concern by covering care expenses, ensuring that family members are not financially strained or forced to provide care themselves.

Ensuring Access to Quality Care

Securing access to high-quality care services can be a significant concern. Long-term care insurance ensures that you can afford the best available care, providing you with more options and the ability to choose facilities or services that meet your standards.

Preserving Estate and Legacy

Unknown long-term care expenses have the potential to diminish the assets an individual or family intends to leave as a legacy. Long-term care insurance protects the estate by covering care costs, allowing you to preserve your wealth for your heirs and charitable endeavors.

Unpredictable Health Needs

The uncertainty of future health needs and the potential for chronic conditions can be stressful. Long-term care insurance provides peace of mind by ensuring that you are financially prepared for any long-term health care needs, reducing anxiety about the unknown.

Ready to discuss your Long-Term Care Insurance needs?

If you’re interested in working with us, you may call and text us at (781) 237-0123, or scroll down a little and schedule an introductory appointment with a financial advisor by clicking on a date that works for you on the calendar.