Long Term Care Insurance

What is long term care insurance?

• A policy that helps cover the costs of that care when you have a chronic medical condition, disability or disorder

• Provides financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle.

• Insurance that covers the whole or a part of the risk of a person incurring medical expenses.

• Insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for completion of core work functions.

Who needs this type of insurance?

• Toddlers

• Senior Citizens

• Teenagers

• Middle Age Adults

What type of long term care insurance is this? You pay premiums for as long as the policy is in affect, and you can choose coverage to help pay for services in and out of your house.

• Traditional

• Hybrid

• Long term care with a rider

What type of long term care insurance is this? A policy that combines long term care insurance with life insurance.

• Traditional

• Hybrid

• Long term care with Rider

What type of long term care insurance is this? Somebody can help you pay for your long term care expenses

• Traditional

• Hybrid

• Long term care with a rider

Out of these options, what does long term care insurance not cover?

• Home healthcare

• assisted living facilities

• nursing homes

• Mental health hospitals

What is national average cost of an assisted living facility?

• 312,000

• 117,000

• 60,000

• 80,000