Long Term Care Insurance

Cheap and Affordable Quotes, Costs and Reviews

Buying life insurance might be one of the most important decisions you make in your lifetime. As you consider your options and which coverage option is right for you, consider the following: Where are you in life? What’s going on with you and your family now? What are your long-term financial security goals? Answers to these questions and several other factors will definitely help to determine the choice that’s right for you. Explore the different types of life insurance such as term, whole, universal, and variable and get the best life insurance rates from top-rated life insurance companies.

One would think that the need for long-term care would be limited to the elderly but that’s not necessarily the case: while there’s a 70 percent chance you’ll need some form of long-term care after the age of 65, surprisingly, a full 40 percent of patients receiving long-term care are under 65. While this type of insurance may seem like a luxury you almost can’t afford not to insure yourself against the need for daily health care services for an extended period of time. Without coverage you’d find yourself depleting any amount of savings you’ve accumulated before you know it. Read on to learn more about cheap and affordable long term care insurance, associated costs and product reviews. Get quotes with competitive rates for affordable long term care insurance and rates from great life insurance companies for term, whole, and universal life insurance.

What Long Term Care Insurance Covers

Long-term Care insurance typically covers types of care that aren’t covered by health insurance. There’s skilled, intermediate, and custodial care. Below is a brief description of each type:

Skilled: If you have an illness or injury from which you can recover your doctor will likely develop a treatment plan that involves skilled care, on a daily basis, designed to work through the treatment plan.

Intermediate: this type of care is like skilled care but is provided intermittently rather than daily. Going to a therapist once a week for a period of several months would be considered an example of intermediate care.

Custodial: unlike skilled or intermediate care, custodial care is provided to someone that is not expected to get better. This type of care is intended for assistance with daily activity, continence, and transference (getting in and out of bed, etc.). Custodial care can vary from in-home care a few days a week to 24-hour nursing home care.