Long Term Care Insurance

What is Long Term Care (LTC) and who needs it?

LTC refers to care needed over an extended period of time due to a chronic illness or disability. It doesn't cover a short-term hospital stay or illness. LTC Insurance covers medical services, such as nursing care or therapies, assisted living facility care and daily living activities, whether in a nursing home or an individual's home. Couples with children are likely candidates for LTC. In this case, insurance protects both an inheritance and protects the children from having to either finance care or actually become the care giver.

There are two good reasons to consider your coverage options today:

• Your good health today will allow you to qualify for coverage. After you gather the facts, it is up to you to decide if you want protection. If you wait, health problems could disqualify you.
• Rates are based on your age. The younger you are, the less expensive Long Term Care Insurance is. There will never be a better time to fit Long Term Care Insurance into your financial planning puzzle.

Contact your LPL Financial Consultant today.

To find out more about Long Term Care, call your LPL Investment Management Advisor Jean Gunnarson (925) 847-8386. She will help you understand not only what your financial exposure may be, but will show you what options are available to protect you in the years to come.