Have you thought about what would happen to you if you either needed to enter a nursing home or required home care services?
As nursing care costs continue to rise and the need for care increases, there is never a better time to purchase a long-term care insurance policy.
A long-term care policy is one of the best ways to protect your financial assets, so you can leave your inheritance to your surviving family members. Without long-term care insurance, the savings that you worked so hard to accumulate can be wiped out in a matter of years. According to the 2012-3013 LTCi Sourcebook, the average national cost for a private nursing care room was $85,045 per year!
Long-term care policies can be structured to fit your individual needs and offer the following:
- Nursing care, community care or home care options
- Waiting periods of 30, 60 or 90 days
- Benefit periods of 2, 4, 6 or 10 years
- Spousal discount
- Preferred health discount
- Built-in waiver of premium benefit
- Option to purchase 3% or 5% benefit increase rider
Purchasing a long-term care policy will give you peace of mind knowing your inheritance and your loved ones will be protected.
If you have questions on long-term care insurance in Georgia or you would like to talk about structuring a policy that suits your needs, call us today at (770) 339-0447!
