Long-Term Care Insurance Case Study Late 60’s couple with lots of life insurance but very little long-term care insurance (LTC). His parents both used their LTC policies to a great extent, so he knows the value of the protection. One of his life policies has about...
How Long-Term Care Expenses are Paid For: Reimbursement – The insurance company pays the care giver or nursing home directly. Indemnity – The insurance company sends a check to the person insured for a predetermined amount specified in the contract. The money...
More of your Long-Term Care Insurance Questions Answered Q: What is long term care? A: Long term care refers to the services provided to people who have difficulty managing the activities of daily living due to illness, injury, disability, cognitive disorder, or...
Commonly asked Long-Term Care Insurance Questions Answered Q. Will my family care for me? Many people assume that family members will take care of them if they need long-term care. However, even the most dedicated family members will not likely be available 24 hours...
Long-Term Care Insurance Cost:Â The cost of long term care depends on: (1) is it in the home of a facility, (2) what state you life in, (3) when will you need it. Check out the link below and plug in your zip code. Be prepared for the reckoning!...
