Long Term Care Insurance
Long term care insurance is a product that helps provide for the cost of care over a predetermined period. This insurance covers care generally not covered by health insurance, Medicare, and Medicaid. Also, long term care covers daily activities, such as dressing, bathing, eating, toileting, continence, getting in and out of a bed or chair, and walking. Age is not a determining factor.
About 60 percent of individuals over age 65 will require at least some type of long term care services during their lifetime. About 40% of those receiving benefits today are between 18 and 64. Once a change of health occurs long term care insurance may not be available. Over time, long term care insurance can save your clients a lot of money and save their families from the responsibilities constant care requires.