Long Term Care Insurance Archives - Udell Family Insurance

Long-Term Care Insurance: Fact vs. Fiction

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long-term care insurance

Nearly 63% of Americans above the age of 65 require long-term care. If your savings were to bear its costs, you would have to shell out an average of $140,000 per annum. Such an expense can cause a significant financial drain.

Long-term care(LTC) insurance can help you prepare for all such future needs, like assisted living, in-home care, or nursing home costs. However, only a small number of Americans are covered because there are many myths about the coverage.

Let’s bust a few myths about long-term care insurance to understand it better:

A Look At Long Term Care Insurance

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Long Term Care Insurance Westlake Village CA

Do You Need This Type Of Insurance Product?

When you look forward to your golden years, you probably think a bit about your future finances. You plan to cover your living expenses, from your groceries to the roof over your head. You plan to call on your insurance coverage and Medicare to cover your medical expenses. What about the area in which those two things overlap, though?

At a certain point in your older life, you might find yourself needing a little extra help to get through your day. When you do, there are long term care options […]