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Long-Term Care Insurance

Long-Term Care Insurance

The need for long-term care can arise for a number of different reasons. In some cases, it is simply old age, while other causes include accidents that lead to disabilities, a sudden illness, and more. Even if your personal life is in solid financial shape currently, the cost of long-term care can be significant, and most people wouldn’t be able to afford it out-of-pocket. By carrying insurance for these possibilities, you’ll gain peace of mind and know that care will be affordable if it is required. Call today to get started!

Long-term care insurance is a specialized insurance policy designed to cover the costs associated with extended care services. These services can include nursing home care, assisted living facilities, in-home care, and other related expenses. Long-term care insurance provides you with financial protection and support when you or a loved one (who is covered by the policy) requires assistance with daily activities, medical supervision, or specialized care due to aging, chronic illness, or disability.

We don’t want to see you left in a difficult position as a result of not having long-term care coverage when the need arises. You never quite know what life has in store, and you might find yourself facing this significant expense soon enough. Don’t be left without any good options as a result of not having long-term care protection when an affordable insurance policy is just a phone call away. 

Coverage for Various Care Settings

One of the key features of long-term care insurance is the coverage it provides for a variety of different care settings. Whether you prefer to receive care in a nursing home, an assisted living facility, or even in the comfort of your own home, there are policies available that can accommodate your specific needs. This flexibility ensures that you have the freedom to choose the care setting that best suits your preferences and circumstances, while still benefiting from the financial support provided by the insurance policy.

Many people fear the prospect of having to leave their homes as some of the challenges of old age set in. In fact, it’s relatively common for people to have to sell their long-time homes in order to pay for the long-term care that they require. Fortunately, long-term care insurance can avoid this outcome. With the right policy, you can keep the home you love and pay for a professional to come and provide the care you need in a comfortable environment. Of course, if you would prefer to move into a facility where you can have direct care available at all times, that will be covered under your policy, as well. 

Financial Protection for Care Expenses

Not only can long-term care services be very expensive, but those costs tend to go up as time passes. So, if you or a loved one needs long-term care for many years, the costs could wind up being beyond what you have the means to manage. It’s quite a stressful situation to be in need of specific types of care while you aren’t sure that you can afford it for much longer. 

One of the best things about using long-term care insurance is the range of types of care that are covered in such a policy. The needs of each individual are unique, and as such, many different forms of care are included. These can include daily living activities like bathing, eating, and dressing, but will also range toward skilled nursing care, rehab services, specialized therapies, and more. The precise blend of services and care options that you require will determine just how expensive this care is in the end, but you’ll be covered if you choose to work with ISU Armac to take out a policy. 

Preserving Your Assets and Legacy

There is yet another reason to think about using long-term care insurance as a financial planning tool – to make sure there is something left for your loved ones. Even if you have a comfortable set of assets that can pay for your long-term care later in life, you might not want to burn through those assets and wind up with very little to leave to your family. That is money that you have worked hard to accumulate over the years, and you’d certainly like to see some of it go to the people you love the most. Rather than choosing between quality of life and leaving a legacy for your family, you can do both when your care needs are covered by a policy that ISU Armac helps you secure. 

Customized Policies to Suit Your Needs

You don’t have to worry about our agents trying to sell you on a policy that comes from a cookie-cutter template we offer to every customer. Rather, we’ll be sure to work together with you to craft a custom policy that is going to address your concerns and put your mind at ease. There are many different factors that come into play when building a long-term care policy, including your current age and health condition, the goals you have for this coverage, and what kind of budget you have for this policy.  

Don’t live with the fear of expensive long-term care bills lingering over your head. With a policy in place, you can rest assured that you’ll be covered even if care is needed in the future. To get started, reach out to ISU Insurance Services today to learn more about your options and get answers to any questions you may have.