What is Long-Term Care?
Long-term care is a form of life insurance that allows you to prepare for the future in case you ever need help taking care of yourself. Long-term care services, including assistance with daily routines like bathing, dressing, and getting in and out of bed, are not covered by regular health insurance. This policy can help cover the costs of care if you have any debilitating disability or disease such as Alzheimer’s disease. This can include care in your own home, a nursing home, an assisted living facility, or an adult day care center. Long-term care insurance is part of a long-range financial plan.
The best time to invest in a long-term care insurance plan is in your 50’s or 60’s because you won’t qualify for long-term care if you already have a debilitating disease or disability. Plan ahead with long-term care insurance.