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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(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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