Protecting Your Assets with
Long Term Care Insurance

The age wave is a reality - people are living much longer past retirement today. Studies show that a substantial percentage of the aging population requires some type of long-term care in the form of extensive home health care, assisted living or nursing home care. The need for care is quickly increasing.

There are a number of questions to consider in determining whether long-term care coverage is appropriate for you:

  • What is the annual cost for home health care or nursing home care?
  • Can you count on Medicare to pay?
  • Are you willing to spend down your assets to qualify for Medicaid?
  • What features of long-term care coverage will you need?
  • Will existing medical conditions preclude you from obtaining this coverage?

How do you pay for needed care while protecting the assets you have worked hard to build - Medicare, Medicaid, your investments, or long-term care insurance? The chart below shows what percentage of care is paid by each:

We understand there is a lot of confusion about what constitutes a good long-term care policy and who should buy long-term care insurance. We consider a number of factors (your age, net worth, marital status) in determining whether long-term care coverage is appropriate for you and, if it is, what features make sense. We will show you a comparison of available policies in the long-term care market and take the time to educate you so that you can make the right decision.
The differences are found in the fine print of the contracts - not the marketing brochures.

If you would like to learn more about long-term care insurance, please click here.

 

At Lang Financial, our hallmark is to answer your questions, help you explore your options and assist you in making the right decision.
Click here to contact us.

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Securities products offered through registered representatives of Walnut Street Securities Inc. (WSS), Member FINRA & SIPC. Securities activities are supervised from a WSS branch office at 4225 Malsbary Road, Suite 100, Cincinnati, OH 45242, (513) 699-2946. Lang Financial Group/Chicago is not a controlled affiliate or subsidiary of WSS.

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