Long-Term Care Insurance: designed to cover long-term services and supports including personal and custodial care in a variety of settings such as your home, a community organization or other facility. These policies reimburse policyholders a daily amount (up to a pre-selected limit) for services to assist them with Activities of Daily living.

6 Activities of Daily Living

  • Eating
  • Bathing
  • Dressing
  • Toileting
  • Transferring (Walking)
  • Continence

Things to Consider When Selecting Long-Term Care Policies

  • Daily cost you expect for services.
  • Number of years that you expect to receive treatment.
  • Whether you wish to receive care at home or at a facility.
  • Whether to have inflation protection included on the policy or not (premium increases to have inflation protection but the payouts of policy increase according to the % rate that you select).