Long Term Care Health Insurance
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Long Term Health Care Insurance
provides security in case of a prolonged recovery or nursing home stay and can
help protect your assets. Frank McKinley can help demystify the
process of determining if you need long term care health insurance
with the selection of a program that’s right for you. |
Personal financial planning is more than just stocks and bonds
Long-term Health Care Insurance is Your Security Blanket.
 Long-Term
Health Care Insurance is a security blanket for your future. Providing
aid in case of a prolonged assisted living center or nursing home stay,
long-term care insurance is a good choice for anyone at any age. You can
purchase different amounts of daily or monthly benefits for various time
periods ranging from two years to lifetime. You also have a choice of
elimination periods; the amount of time you will pay for care before the
long-term care insurance policy takes effect. Elimination periods will
typically range from 30 to 180 days depending on your long-term health
insurance policy.
All these variables affect your premium, or annual price, of the
long-term care insurance policy.
Frank McKinley understands the personal nature of a decision to
purchase long-term care insurance and can help to construct an
appropriate policy to meet your individual needs. There are guidelines
to aid in the determination of your eligibility and a professional like
Frank McKinley can help review your needs and current financial
situation. Call now to discuss your
long-term care insurance questions.
Long-term Care Insurance is growing in popularity. Do You Need It?
Today, long-term care insurance is becoming much
more popular with people in their 40s and 50s, as it is much more
affordable and far less likely to be denied for health reasons. As we
age, the premiums increase and the likelihood of disqualifying illness
also rises. There are some policies that allow for a ‘shared’ benefit,
which may be used by either spouse, and some are now ‘packaged’ with
disability plans that can change to long-term care insurance once a
specific age is reached. Frank McKinley can
help weed through the fine print and get you the right long-term care
insurance coverage.
What are your specific long-term care health insurance needs?
 Does
your family have a history of needing long-term care? What other means
of care may be available to you? Does your net worth allow you to
self-insure, or would your retirement asset base be better preserved
with an intelligently priced long-term care insurance policy?
Frank McKinley can help you answer these
questions.
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