Long-Term Care Insurance

Do you have a plan for aging in place?

Time goes by in the blink of an eye.

One minute you’re holding your newborn baby, the next minute you’re teaching your grandchild to ride a bike. Life keeps us on our toes with not only joyful moments, but challenges as well.

As many individuals now live well into their 80s and 90s, more and more Americans are feeling the need for hands-on care. As you age, will your children be responsible for your financial welfare? Will they be equipped emotionally, physically and financially to become your care provider? Or will you want to have a long-term care plan in place for caregiving outside your family?

Critical Illness Protection

Who Will Care for You When You Can't Care for Yourself?

Life happens. Critical Illness Protection can cover medical expenses from a heart attack, stroke, or cancer. In most cases, this protection pays in a single cash lump sum to offset financial short-falls due to loss of income, health insurance and co-payments, household expenses or travel for treatment.

The Value of Long-Term Care Insurance

Long-Term Care Insurance covers a range of services designed to assist you, including everyday tasks some individuals are no longer able to complete on their own. These include basic personal care needs, such as bathing, continence, dressing, eating, transferring and toileting. Hands-on care by a certified trained assistant can be completed in your home to maintain your independence. Yet, Long-Term Care Insurance benefits also covers outside of the home, such as care in assisted living facilities, memory care and nursing homes. It’s very important to note: Health insurance and Medicare do not cover the costs of long-term care.

Case Study: Long-Term Care Insurance

Read Margaret's Story

Long-Term Care Solutions & Options

Since medical science and technology aids in people’s longevity, the need for hands-on assistance is virtually inevitable once you reach your 80s and 90s. The common ways to pay for care is:

Home Health Care, Long-Term Solutions & Options: How will you pay for it?

Personal Savings, Self-Funding or Self-Insured

Liquidity, Market Volatility and Tax Consequences

Family and or Friends

Mitigating emotional and financial burdens


Draw Down Assets to Less Than $2,000

Consider Options that Shift Your Financial Burden to the Insurance Company

Short-Term Care Insurance

Home Healthcare and Long-Term Care Up to 360 Days

Traditional Long-Term Care Insurance

Provides Maximum Benefits – Make the most of these, don’t lose out!

Critical Care or Critical Illness Insurance

Pays Out Lump-Sum Cash Benefit

Life Insurance with Long-Term Care Rider

 Combination of Life and Long-Term Care Insurance Benefit Options

Asset-Based Life Insurance with Long-Term Care Benefits

 Reposition Assets with Tax and LTC Benefits

When Is the Best Time to Purchase a Policy?

The best time to secure Long-Term Care Insurance is before you need it. Unfortunately, there’s no way to know when that might be.
So, there are 2 important factors you should take into account when purchasing a policy:

Your Age

The cost of Long-Term Care Insurance is based on your age when you purchase the policy. That means each year you wait, the cost of the policy increases.

Your Health

Your ability to purchase a policy is based on your good health. While you might be healthy today, a change tomorrow could make you ineligible for coverage.

Source: https://www.mutualofomaha.com/long-term-care-insurance/calculator

Why Wait? Contact Us Today!

Give us a call or send us an email today so we can help you determine the best Long-Term Care policy for you.

Book a 30-minute Consultation