Long-Term Care (LTC)
Chances are you could live well into your 80s, your 90s and possibly even longer.
When you live a long life, the likelihood you’ll need long-term health care is greatly increased. Younger people also need long term care as a result of accidents or illnesses.
Almost 70% of people turning age 65 will need long-term care at some point in their lives1. Many people think the phrase “long-term care” refers to an insurance policy. While insurance may be part of your strategy, long-term care encompasses everything from long-term services and supports and finances, to where you will live and how you will navigate the myriad of legal, family, and social dynamics along the way.
Long-term health care is generally not covered by medical insurance, by Medicare supplement plans or group / employer insurance. For seniors on Medicare, the long-term care benefits can be quite limited. With many seniors preferring to have care at home and not in a facility, it’s even more important to determine the right LTC plan for your needs.
We offer several LTC solutions including individual plans, asset-based long-term care, and life insurance based long-term care. We will work with you to find the best plan for your LTC needs.
As a certified Long-Term Care Specialist, we will help you navigate through the different options as you move into retirement. You will need to be aware of the consequences if you do not properly plan for Long-Term Care / Home Health Care. The annual cost in the Charlotte NC region is approaching $90,000. Nothing can deplete your hard-earned assets quicker than this!
There are a wide range of products out there to help take care of this issue so you don’t have to worry. Let us help you leverage your assets so that you do not deplete your life’s savings! We can help you navigate through this planning and walk you through some of the different options like: traditional long-term care, life insurance with a long-term care benefit and annuities with a bonus that compound guaranteed annually.
Want to learn more about our Long-Term Care services? Contact us today!