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Policies offer many different coverage options. Since you can't predict what your future long-term care needs will be, you may want to buy a policy with flexible options. Depending on the policy options you select, long-term care insurance can help you pay for the care you need, whether you are living at home or in an assisted living facility or nursing home. The insurance might also pay expenses for care coordination and other services. Some policies will even help pay costs associated with modifying your home so you can keep living in it safely.
Traditional long term care insurance consists of an annual premium, for a predetermined future benefit of long term care insurance. Inflation riders can be added to increase this coverage over time. There have been changes in the industry to reduce increases of premium, however this does not guarantee against an increase. At Affordable Long Term Care Insurance you will be working with a Certified Financial Planner to design an affordable policy to meet your needs.
Traditional Long Term Care
The most affordable and popular long term care insurance.
Hybrid or Asset Based Policies
Attempts to combat concerns about traditional long-term care insurance have resulted in combination or hybrid products using an asset-based approach to fund long-term care. These new approaches generally combine long-term care funding with life insurance or an annuity.
Short-Term or Critical Care
Ideal for older individuals who may have some health challenges.
