We all might need a little extra help some day as the result of an accident, illness, or aging. This help might be with simple things like bathing or dressing, but having support is critical in allowing us to remain at home and as independent as possible. While family can help, the burden can become overwhelming at times. Hiring professional caregivers or moving to an assisted living or memory care facility may be necessary. That is why Long Term Care insurance is so important to financial and retirement planning.
What is Permanent Life Insurance?
Many of us have Group Term Life Insurance and potentially some supplementary coverage through our employer. These policies protect us from an unexpected death during our working years but are generally cost prohibitive once we leave employment and are subject to individual rates. On the other hand, permanent Life Insurance provides permanent coverage that we take into retirement, at the same cost as when we were working.
We may not need as much life insurance in our golden years as we did during the working ones, but the combined protection of LTC and death benefits can help provide great peace of mind by protecting the life and legacy you worked so hard to build.
52% of caregivers are the adult children of the recipients
Caregivers provide care for 3-4 years
Recipients who suffer from Alzheimer’s disease or dementia may require care for 10+ years
Nearly 70% of people turning age 65 can expect to use some form of long term care during their lives, but only 1/3 of Americans have set aside money to protect themselves or loved ones should the need arise.
Protect your family, future and finances with Life Insurance & Long Term Care protection.
Long term care coverage may not be issued or approved until underwriting has completed any applicable underwriting review.
In addition to possible medical questions asked during the application process, you may be contacted by a company representative
or their vendor for additional information and/or you may be requested to take additional actions prior to approval of your
long term care application (Ex: Attending Physician’s Statement, Underwriting Assessment, Medical Examination, etc.).
Completing an application is not a guarantee that the application will be approved. If you do not respond to carrier
underwriting requests in a timely manner, your application for long term care coverage may be denied. Some carriers
may consider you ineligible for future coverage if previous application requests are denied.
In addition, please be aware that carriers may impose an actively-at-work requirement that may delay coverage
if you are absent from work due to injury, sickness, temporary layoff or leave of absence on your coverage effective date
(or during a period prior to your effective date, as defined by the carrier) and may not begin until you return to work in
active employment.
Any solicitation or invitation to discuss insurance sales or servicing is being provided at the request of AGIS Network, an owned subsidiary of Strategic Non-Medical Solutions, LLC (in California dba Strategic Ancillary Insurance Solutions). AGIS Network only provides insurance related solicitations or services to insureds or insured risks in jurisdictions where it and its individual insurance professionals are properly licensed. No part of this document may be reproduced in any form or reproduced by any electronic or mechanical means, including information storage and retrieval devices or systems, without prior written permission from AGIS Network.
