Long-Term Care Insurance
Long-Term Care Insurance Information
No retirement plan is complete without a plan for paying long-term care expenses.
By not allocating some of your retirement portfolio for long-term care insurance, you have allocated ALL
The odds you will need some form of long-term care in your lifetime is 70%.
A long-term care insurance policy can reimburse some of all of your expenses when you have met one of
the following criteria:
1. You suffer a cognitive disorder (such as Alzheimer’s or Dementia)
2. You need assistance with at least two of the following six Activities of Daily Living:
- Transferring (getting our of bed, chair, car, etc.)
This assistance, ranging from simple custodial care to full nursing care, can either be at home or in a
Health Insurance will not pay long-term care expenses.
Medicare will not pay long-term care expenses.
MediCal (or Medicaid) will pay if your total assets = less than $2,000
To determine the current cost of care in your area, visit:
For the best rates and plans, long-term care insurance is best purchased during one’s 40’s or 50’s.
While the best way of transferring the risk to a insurance company is through an individual long-term care
policy, valuable benefits can also be obtained through the following “linked” products.
- Life Insurance with LTCI rider
- Annuity with LTCI rider
Visit A Shopper’s Guide to Long-Term Care Insurance for more information.