WHAT IS THE PURPOSE OF TRADITIONAL LONG-TERM CARE INSURANCE?
Traditional Long-term care (LTC) insurance policies are designed to help pay for a percentage share of the cost of care, while an insured is 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 that activate the benefits of a traditional Long Term Care Insurance Policy. If an eligible insured is unable to perform any of the following activities on their own, this type of inability to maintain one's independence will trigger benefits as well and measure the need for extended Long-Term Care.
Bathing., Dressing. Transferring., Toileting., and or Continence
Take a Moment To Review Genworth's 2017- National Data Map and Evaluate Present and Future Long Term Care; Cost of Care in Your Area Today
WHY YOU SHOULD CONSIDER LONG TERM CARE INSURANCE?
With more than 70 percent of the aging population 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 LTC…but if you did, how will it affect you? your family? your children? or your adult children, your spouse, or your finances?
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.
At Delington Financial & Insurance Services; our consultants are trained and certified to help you prepare for a long-term care event.
Our primary objective; is to help you maintain your independence in the comfort of your own home.
In addition to traditional Long-Term Care Insurance, at Delington Financial & Insurance Services we offer multiple budget-friendly Long-Term Care options and strategies that can be tailored to fit your needs 24 Hours a Day / 7 Days A Week.
Save Your Parents Home From Medi-Cal
You Must act now while your parent is alive and before new legislation takes effect.
A LONG TERM CARE -ALTERNATIVE OPTION