As the cost of nursing home care and homecare reach all time highs, the need for Long Term Care Insurance is greater than ever. Studies show that 70% of adults 65 years of age or older will need some sort of long-term care in their lifetime. Many of these same people have no insurance to cover the estimated $6000 to $14,000 per month in care that they will need. A properly crafted Long Term Care Insurance plan can help you protect the assets you have worked hard to accumulate over the years. AssureSource Consultants can help you create a plan to pay for these costs through Long Term Care Insurance policies.
Traditional Long Term Care Insurance is a powerful tool if purchased well in advance of needing care. However, many clients wait until those policies are cost prohibitive due to age and need. There are now effective solutions for these clients through Hybrid Long Term Care Insurance plans which can be delivered through Whole Life Insurance or Annuities built specifically to pay benefits when clients need funds for extended care events.