Long-Term Care Insurance
Long-term care insurance covers a variety of medical, personal and supportive services provided at home, in an assisted living facility or in a nursing home for an extended period of time. It can reduce your dependence on family members for care, preserve your independence, protect your standard of living and give you greater flexibility if you need confined care or in-home health care.
If you're 55, 50 or even 45-years-old, you should consider adding long-term care insurance to your portfolio. If you require long-term care services because of a serious accident or illness, how will you pay for it? Long-term care insurance meets that need. Purchasing coverage at a younger age rather than waiting means the premium you pay at the time of purchase would be lower than if you waited to purchase coverage.