Long Term Care (LTC) is an insurance product that helps provide for the cost of care for individuals who require assistance or supervision when performing the basic activities of daily living or ADL’s.
Long Term Care generally covers home care, assisted living, adult daycare, respite care, hospice care, and nursing home.
Age is not a determining factor in the need for LTC. About 70% of individuals over age 65 will require at least some type of Long Term Care services during their lifetime. About 40% of those receiving LTC are between the ages of 18 and 64.
While putting money aside for your care is a great idea, you can significantly increase the purchasing power of that money with a long term care insurance policy and secure your future for yourself and loved ones.
For more information about Long Term Care Insurance, contact our team at the Todd Agency today.