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long term care insurance

A growing concern with the aging population and their families is how they might be able to afford long-term care should they ever need it. It’s a justified worry as long-term care costs in the United States in 2021 were between $35,000 and $108,000. Of course, this depends on the length […]

How Life Insurance Can Help Cover Long-Term Care Costs

February 5, 2025 in life tagged life insurance / life insurance riders / long term care insurance by Kayla Gonzalez

A happy husband and wife laugh together outside. — Sometimes, as people age, they will need assisted care to maintain their everyday lives, especially those suffering from disabilities, disorders, or chronic medical conditions. These ailments may hinder daily activities including bathing, dressing, and eating. Not everyone has a relative who can help them in these situations. So, how does […]

Long-Term Care Insurance: 3 Fallacies Busted

November 13, 2024 in life tagged assisted living / awareness month / Financial planning / insurance myths / long term care insurance by Joey Hinojosa

Insurance riders can help you make the most of your coverage. — Do you know about insurance riders? Imagine stepping into a car dealership and only being able to choose the make and model of a vehicle, with no opportunity for upgrades or customization. You would miss out on added benefits like heated seats for those chilly winter mornings, a rearview camera […]

Insurance Riders

July 5, 2023 in life tagged benefits of life insurance / life insurance riders / long term care insurance / Personal Finances by Jose Lerma

An elderly couple is photographed in an exercise room. — Long-term Care Awareness Long-term Care (LTC) Awareness Month takes place in November. Many Americans are unaware of long-term care insurance policies. Carroll Golden, the executive director of the National Association of Insurance and Financial Advisors (NAIFA) Limited and Extended Care Planning Center, recently presented statistics displaying how many people are […]

Long-term Care Awareness

November 16, 2022 in life tagged long term care insurance / medicaid / medicare / retirement planning by Joey Hinojosa

Below is a long-term care insurance FAQ list that may help you understand the basics of LTC coverage. — Insurance can be confusing and overwhelming, especially if you’re considering policies that will protect you or your loved ones should something happen to you. It can be tough to discuss the final expenses or costs your family will need to take on should you pass away. It can be even […]

Basics of LTC Coverage FAQ

March 14, 2021 in life tagged assisted living / health / hospice care / insurance coverage / long term care insurance by Macee Hall

As we turn a leaf into the new year, here are some Long-Term Care reminders and how the product works. People who have Long-Term Care policies can file a claim if a medical professional deems that the insured cannot perform two of the six daily living activities at an adequate […]

Long-Term Care Reminders

January 14, 2021 in life tagged assisted living / Financial planning / future / health insurance / long term care insurance by Jeffrey Cooperstein

Long-term care insurance helps protect an individual’s assets by providing extra financial coverage in case they ever need assistance in completing their daily activities. — In a report from 2017, AARP revealed that approximately half of Americans over age 64 will need long-term care of some sort within their lifetimes. Although both health insurance and Medicare provide coverage for some long-term care-related costs, there is often a large expense left for the beneficiary to cover. […]

Do I Need Long-Term Care Insurance?

November 20, 2020 in Health / life / Medicare tagged assisted living / long term care insurance / seniors by Macee Hall

Long-Term Care Insurance — Think You Won’t Need Long-Term Care? Think Again According to a 2017 report from the U.S. Department of Health and Human Services, Long-Term Care (LTC) is something the majority of us will need. Approximately 70% of people over 65 will require chronic care later in life, and 20% of those […]

Think You Won’t Need Long-Term Care? Think Again

August 3, 2020 in life tagged Loans / long term care insurance / medicaid / mental health by Jenny McCann

Swabbing and testing all Americans for COVID-19 each year could become a normal routine. That, combined with antibody testing, have caused rates for COVID testing to skyrocket; they could cost a whopping $44 billion per year, according to a recent study. Diagnostic testing alone ranges from $6 – $25 billion […]

Rates for COVID Skyrocket

June 23, 2020 in life tagged life insurance / life insurane applications / long term care insurance / low-income by Jenny McCann

ssa_office_closed — Four states have taken the initiative and passed laws stating protecting businesses from “civil liability” for COVID-related claims. One of the four states, North Carolina, provides immunity to many different “essential businesses,” such as grocery stores and restaurants. Oklahoma, Utah, and Wyoming, however, offer immunity to anyone and everyone who […]

Protecting Businesses from COVID Claims

June 12, 2020 in life tagged life insurance / Loans / long term care insurance / low-income by Jenny McCann