Group Long Term Care
A growing number of employers are seeking Long Term Care (LTC) coverage for themselves and their employees, that provides employer paid and tax deductible premiums at group discount rates. Some states even have "Partnership" agreements, providing extra protection for your estate. Contact us or your state insurance commission for specific details.
There is a good chance that you and your employees will need to pay for nursing home, assisted living or Home Health Care one day. Age is not a factor in the need for Long Term Care, as statistics show that 40% of those using Long Term Care today are between age 18 and 64. More than half of the U.S. population will require Long Term Care at some point in their lives.
If you're concerned about being financially secure, especially during your retirement years, you owe it to yourself and your loved ones to protect yourself against what could be the greatest threat to your financial security, that is the cost of Long Term Care.
Long Term Care Insurance refers to an important insurance policy that provides benefits to help you keep the quality of life you had prior to your loss of at least two Activities of Daily Living (ADLs). Federally Qualified policies recognize at least 6 ADL's: Eating, Bathing, Dressing, Toileting, Transferring, Maintaining Continence.
The younger and healthier you are when you buy this insurance, the lower the premiums. It is a good idea to purchase a policy in your mid-forties to fifties when cost is lower and you are more likely to be healthy enough to qualify.