Because of old age, mental or physical illness, or injury, some people find themselves in need of help with eating, bathing, dressing, going to the toilet or continence, and/or transferring (e.g., getting out of a chair or out of bed). These six actions are called Activities of Daily Living-sometimes referred to as ADL’s. In general, if you can’t do two or more of these activities, or if you have a cognitive impairment, you are said to need “long-term care.”
Many people think that long-term care is provided exclusively in a nursing home. It can be, but it can also be provided in an adult day care center, an assisted living facility, or at home.
A long-term care policy helps to defray the costs of providing care in the above circumstances. Statistics show that a vast majority of people use long-term care services at some point in their lives and the cost of such services can be very draining. Policy costs vary based upon the amount of “daily benefit” (how much the policy will pay out per day), how long the policy will pay for long-term care, (1 year, 2 years, unlimited, etc.), the age and health of the applicant at the time of policy procurement.
We work with the best carriers in the industry to provide you with the opportunity to acquire long-term care policies, either through your business or on an individual basis.
© Copyright 2016. All rights reserved. This content is strictly for informational purposes and although experts have prepared it, the reader should not substitute this information for professional insurance advice. If you have any questions, please consult your insurance professional before acting on any information presented. Read more.