In general, Americans are not sufficiently prepared to pay for long-term care.
Many of them go through their lives simply hoping that they won’t ever need it. Unfortunately, in the event that you or a loved one does need long-term care, hope won’t be enough to protect you from potential financial ruin.
The odds: You will need some kind of long-term care as you age
Long-term-care insurance may be used to help pay for skilled care, intermediate care, and custodial care. Most policies also pay for nursing-home care, and comprehensive policies may also cover home care services and assisted living. Insurance can help protect your family financially from the potentially devastating cost of a long-term disabling medical condition, chronic illness, or cognitive impairment.
Long-term care, though, should be part of a thoughtful, integrated program to manage the risk in your life. If long-term care and risk management are on your mind, consider visiting us at www.GemlifeFinancial.com for ideas about how you can better manage for risk.
Also, if you haven’t done so already, stop by our Solutions Center to learn more!
Do you have a question about long-term care? Call us today at 888.858.6236 or email your question to us [email protected]