While aging is a normal part of life, living independently can become more difficult. At a certain point, you or a loved one may need help with daily tasks, managing a health condition such as Huntington’s or Alzheimer’s, or recovering after surgery. This is where long-term care services come in.
An individual turning 65 in the United States has a 70 percent chance of needing some sort of long-term care services during the remaining years of their life. Long-term care helps older adults age safely, whether they remain at home or move into a residential facility. Since everyone’s needs, budgets, and lifestyles vary, there are a lot of long-term care services to choose from.
While long-term care planning can seem daunting, our agents can help find the optimal plan for you!
Three Things to Consider
How Do I Pay for Long Term Care?
This is not your father’s long-term care insurance. Lots of positive changes have taken place recently, particularly in the tax code, so we now have more options to choose from. For example, asset based strategies have become more prevalent as consumer’s are opting to re-position a portion of their investments, rather than paying a monthly fee in perpetuity. These strategies often involve annuities and life insurance policies, but have one thing in common: they all substantially increase the long term care benefits available to our clients.
We highly recommend that you work with a competent professional who can guide you through the wide variety of options available. Optimizing Insurance agents go through extensive training to ensure that our clients receive the maximize amount of benefits while paying the least amount of taxes. Let us help you optimize your long term care plan!