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Long Term care Insurance

ri long-term care insuranceAs we age, basic everyday activities can become increasingly difficult. Over time, many people discover that they require assistance to go about their daily lives. If you became unable to care for yourself, do you have a plan in place that ensures you receive quality care? Securing a long term care plan now can help alleviate the financial and emotional strain that can arise when extended care is needed.

Long-term care insurance is designed to help offset the expenses of assisted living homes or in-home care professionals. When you or someone you love is in need of extended assistance or care, costs can add up very quickly. If you were required to pay these costs out-of-pocket, would you have the necessary funds needed to pay for them? By investing in long-term care insurance before you need it, you can help mitigate, or in some cases eliminate, future expenses.

The topic of long-term care insurance is one that few people like to discuss. While no one wants to think about themselves or a family member needing this type of coverage, it is a smart investment to safeguard your future

Another reason long-term care coverage is often overlooked is due to a common misconception. Your current health insurance does not include coverage for long-term care. For this reason, it is best to purchase long-term care insurance as early as possible. Your age and health play major factors in determining costs, and purchasing a policy at a younger age can mean much lower rates.

At OceanPoint Insurance, we can help you consider the costs and benefits of Long-term Care Insurance.  For more information, contact our financial services team.

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shutterstock_61894663Whether due to old age, mental or physical illness, or injury, many people find themselves in need of assistance with basic everyday activities. As we age, it is important to have a plan in place in the event that we are no longer able to care for ourselves. When the need for long-term care arises, long-term care insurance can help with the potentially devastating emotional and financial toll that can result.

Long-term care insurance helps with the expense of assisted living or nursing home and even an in-home care professional. When you or someone you love suddenly need help with getting out of bed, bathing, cooking, crossing the room, and shopping for groceries, the expenses that come with having to pay someone to assist you can add up quickly. If you need long-term care services and have to pay to obtain them, do you have the financial resources to cover it?

There is a common misconception that your health insurance will cover long-term care. However, neither your health insurance nor Medicare will pay for this expense. The longer you wait to purchase long-term care insurance the more costly it becomes. Because it is based on your age and health status, the sooner you make the investment in long-term care insurance the better your rates will be.

It is important that you make the investment in long-term care insurance to lift the burden of care from yourself and your loved ones. It is also crucial that you consider what would happen if you were not prepared or were unable to care for an elderly parent. Give yourself and your family a peace of mind knowing that you will be covered if the need for long-term care arises.

Call OceanPoint Insurance today at 847-5200, for more information on long-term care insurance.