It’s risky to think only the elderly need long-term care. Many conditions including serious accidents, cancer, or heart disease can happen at any time and at any age. LTC insurance pays for the help needed for daily activities like eating, bathing, or dressing over an extended period of time in the home, assisted living facility, or nursing home.
Current statistics show that 60% of us will need long-term care at some time during our lives. The fact is, it’s very expensive and will only get more so in the future. By 2030, nursing home care is expected to be in the neighborhood of $200,000. And you can’t count on Medicare or Medicaid to cover Long Term Care.
A Statewide Insurance agent can help craft a long-term care insurance policy that will give you the long-term care you need in the setting you want while protecting your hard-earned assets and your family’s financial security.