Long Term Care Insurance
If you develop a chronic illness or become disabled and can no longer care for yourself for an extended period of time, you’ll need long-term care services.
In America today, the median cost for a home-health aide for an eight-hour day is more than $49,000 a year, while nursing care in a facility with a private room has a median cost of almost $98,000 a year. As our life expectancy increases, so does the duration of long-term care we might nee. You do not want the financial burden of long-term care falling on your loved ones after you’ve run through your own finances.
Protect yourself today.
Long-term care insurance can help you cover care expenses such as assisted living, nursing home care or home healthcare in the event you are unable to care for yourself or a loved one because of a chronic condition or disability. We supply four options for Long Term Care Insurance:
What type of LTC insurance is right for you?
Asset Based
Let the risk be on the insurance company!
Simply leverage a current asset you already have such as a Bank CD, Money Market, 401k, IRA, or even CASH against future LTC expenses. It’s as simple as moving your asset from one hand to the other. Its still in your hand under your control, just now leveraged against the unknown!
Pros:
The asset remains yours. Ask for your money back at any time, get 100% returned!
Live and get sick, Quit (give up the policy), or Die the benefit pays out, unlike ALL other LTC options
Guaranteed premiums for life
Maybe the best feature is lifetime Coverage – there is no cap on the amount paid or time paid!
Peace of Mind
Quality care by a licensed professional
Cons:
We can’t think of any downsides!
Asset Insurance with a LTC Rider
Consumers like this because their premiums paid in are guaranteed to go to someone. Whether this is via Long Term Care expenses or by death benefit.
Pros:
Peace of mind
Guaranteed premium
Quality care by licensed professional
Cons:
Tends to be pricey
Difficult to qualify
Maximum benefit period of 50 months
Traditional LTC
This type is rarely used anymore so we will not go into detail on our site but a representative of Massey Insurance Services would be happy to explain it in detail over the phone or during a meeting.
Self-Insured
Take the responsibility of insurance upon yourself. Nearly 70% of people will need some type of care. Will you be in the 70% or the 30%?