LONG-TERM CARE

 ALTERNATIVES

WHAT IS THE PURPOSE OF TRADITIONAL  LONG-TERM CARE INSURANCE?

 

Traditional Long-term care (LTC)  insurance plans are structured to help pay for a percentage of the cost of care, while a resident in an assisted living facility, nursing home, or while receiving private in-home health care, due to an inability to remain independent.  

 

In general, there are 5 (ADL's) Activities of Daily living which activate the benefits of a traditional Long Term Care Insurance Policy.  In essence, If a person is unable to perform any of the following activities on their own, this inability is what triggers and measures the need for Long-Term Care. 

 

  • Bathing., Dressing. Transferring., Toileting., and or Continence.

There are Multiple Long Term Care, Asset Protection & In-Home Care Options That Can Be Tailored to Fit Your Needs. 

What percentage of your retirement savings have you allocated towards a Long-Term Care Event?

 

If your answer is 0%- You've actually exposed it all.  

Why You Should Consider Long Term Care Insurance. 

 

With more than 70 percent of the aging population of age 65 years and over, at one point in their lifetime, they will need some type of long-term care.  Furthermore, given the increasing cost of in-home care, assisted living and nursing home facilities, choosing not to have some type of long-term care financial protection in place, has the potential of becoming a financial disaster with a significant emotional impact on you and or your loved ones’ peace of mind.

 

You may never need Long Term Care....but if you did, how will it affect you? your family? your children?or your adult children, your spouse, or your finances?  

Review Genworth's 2017- National Data Map to evaluate Present and Future Long Term Care; Cost of Care in your Area Today

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EMAIL: info@delington.com - CA. License # 0E94802 - The applicable financial planning, investment information provided within this website is not intended as tax or legal advice. Please consult with an experienced Tax Advisor, Attorney or Accountant, accordingly prior to acting upon any financial planning investment information contained throughout this website. In the interim be advised that Delington Financial & Insurance Services; Agents and Representatives are trained, certified and licensed by the state of California, and capable of providing complete insurance and financial advice that is relevant to the aforementioned company's product portfolio, services, and strategies, featured carriers insurance and financial planning illustrations, applicable data, and documents that reference an objective. Note that non-guaranteed, guaranteed values and other significant particulars based on an individual, or group results will vary. 

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