Long-Term Care Insurance (LTC) is coverage that provides nursing-home care, home-health care, personal or adult day care for individuals age 65 or over, with a chronic or disabling condition that needs constant supervision. LTC Insurance offers more flexibility and options than many public assistance programs. Long-term care is usually very expensive. The reason for Long-Term Care Insurance is so that you don’t have to pay these extraordinary costs out of pocket.
Hybrid Long-Term Care Life Insurance Policies usually are funded with a one-time single premium up-front such as $50,000 or $100,000. Many hybrid policies also provide you the ability to elect your long-term care insurance benefits at the outset, i.e. benefit period, inflation protection and monthly benefit.
If you don’t qualify for a Long-Term Care Insurance policy because of age or poor health or if you are already receiving long-term care, you can still purchase an annuity. The insurance company converts your single premium payment into a guaranteed monthly income stream for a specified period of time or for the rest of your life.
American Integrity Insurance Solutions is an independent insurance consulting agency that partners with dozens of carriers to provide people with unbiased advice on a variety of insurance products.
Our team is readily available to craft a policy that custom fits to your needs. We promise to not only provide a policy fulfilling your specific needs, but also to help you understand how and what it protects you against.