Long Term Care Insurance is best suited for you if:
-
You have assets you want to protect
-
You can afford the premiums without sacrificing other essentials
- ADL's (Activities of Daily Living)
| Eating
|
Bathing
|
Dressing
|
Mobility |
| Transferring
|
Toileting |
Continence |
|
- Supervision and assistance needed due to cognitive impairment
Financial
Considerations Related to Long Term Care
- How will
my assets change over the next 10-20 years? Stay the same, increase,
decrease?
- Do I expect
my income to change over the next 10-20 years?
- Will I
change from regular employment to a fixed or retirement income? How
will that affect my ability to pay the premiums?
- Can I
afford any premium increases?
- Can I
afford to pay the expenses during the elimination period?
- Will I
pay each year's premium from my income, savings or investments? Will
my family pay premiums?
- Do I feel
that my assets and income are large enough that I need to protect
them with a long term care insurance policy?
Click
Here for Two Types of Long-Term Care Insurance
Coverage |