There are Multiple Asset Protection & In-Home Care Options
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) Activites 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 day to day self activities on their own, this inability is what triggers as well as measures the need for Long-Term Care.
Bathing., Dressing. Transferring., Toileting., and or Continence.
WHY YOU SHOULD I 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 LTC…but if you did, how will it affect you? your family? your children?or your adult children, your spouse, or your finances?
THE DELINGTON REPORT:
Save Your Parents Home From Medi-Cal
You Must act now while your parent is alive and before new legislation takes effect.
LONG TERM CARE -ALTERNATIVE OPTION