Description: National LTC provides the best rates for long term care insurance from all the major insurance companies.
home care (1573) long term care (799) long term care insurance (261) mutual of omaha (36) long term health care insurance (3) life insurance with long term care (2) annuity with long term care (1) medamerica (1) life/ltc (1) annuity/ltc (1)
“Although baby boomers have a very positive view of aging, there is an overwhelming level of denial regarding the likelihood of needing long term care." STAT Research Survey by Center for Aging Research and Education
Long Term Care can be defined simply as care provided by another party for the benefit of someone who is unable to care for themselves because of aging, an illness, or a disability whether temporary or permanent. It can include help with daily activities at home such as bathing and dressing, intermediate care or assisted living, to skilled nursing care in a nursing home. You won't need long term care insurance if you don't plan on getting older.
You have 5 options for financing long term care. 1. Self-insure: pay out-of-pocket 2. Medicaid: requires poverty level income and assets. 3. Long term care insurance: high leverage, Medicaid protection in most states. 4. Life insurance with a long term care rider: death benefit, return of premium. 5. Annuity with a long term care rider.