Long-Term Care Insurance
What is Long-Term Care Insurance?
As we age, the need for assistance with daily activities increases. Long-term care insurance (LTCI) ensures access to essential care—such as in-home support, assisted living, nursing homes, and adult daycare—without burdening your family or depleting your savings. LTCI covers extended care services not included in traditional health insurance, Medicare, or Medicaid, offering financial stability and peace of mind during life’s later stages.
LTCI provides financial protection, ensuring you can afford these services without exhausting your life savings or relying solely on family support.
Key Features of Long-Term Care Insurance
1. Comprehensive Coverage
Offers financial assistance for a range of care services, from in-home care to nursing homes.
2. Customizable Plans
Tailor your policy to suit your needs and budget, including daily benefit amounts, benefit periods, and inflation protection.
3. Flexible Payout Options
Choose from reimbursement or indemnity payouts, allowing you to control how benefits are used.
4. Protects Savings
Shields your retirement funds and other assets from being drained by long-term care expenses.
Who Needs Long-Term Care Insurance?
- Middle-Aged Adults
- Individuals Planning for Retirement
- Those with a Family History of Chronic Illness
Benefits of Long-Term Care Insurance
How Veracity LD Can Help
At Veracity LD, LLC, we understand that planning for long-term care can be complex and emotional. Our advisors work closely with you to evaluate your financial situation, health history, and future goals. We help you:
- Select a policy that fits your unique needs and budget.
- Understand the different coverage options and benefits available.
- Plan for inflation and rising care costs to ensure your coverage remains effective.
Our goal is to provide you with a personalized plan that safeguards your independence and financial security while offering peace of mind for you and your loved ones.
