On average, people today live longer than people who lived a century ago. With longer average life expectancies, carrying long-term care insurance is becoming increasingly important.
Long-term care is defined by a range of services including medical care, personal assistance and social support for people who are unable to care for themselves.
A long-term care plan will provide coverage for two years or more, while health and disability plans only cover shorter terms of care.
The following types of services are typically covered by a long-term care policy:
- Nursing home
- Assisted living facility
- Adult day care center
- Home health care
- Personal care
Our advisors can provide you with more information and advantages of purchasing long-term care.