Plan for Long-Term Protection Needs
Long-term care needs can be one of the most catastrophic risks to assets. Yet, many Americans are inadequately prepared for such risks.
Unlike health insurance, long-term care insurance is designed to cover long-term services and supports in a variety of settings, including home health care, assisted living or nursing home care.
As long-term care costs have escalated and individual needs have changed, the insurance industry has developed new products and strategies to meet the evolving needs of the policy owner. It is critical to know all your options before making a choice on whether or not to consider long-term care insurance and which strategy may be the best suited for your situation.