As you age, you may need help with things you’ve always been able to do yourself – shopping for groceries, fixing meals, cleaning the house. You may also need help with personal services, like bathing, dressing or taking medications. A long-term care insurance policy is designed to help you pay for these types of services.
Long-Term Care insurance may be right for you if…
You intend to remain in your home as long as possible
You value your independence and enjoy your home. You’re not planning to go anywhere…certainly not to a nursing home.*
Family relationships are important
Your family means the world to you. You love spending time together and don’t want to do anything to jeopardize those cherished relationships.
You want to protect your retirement savings
You worked hard to plan for a comfortable retirement. Spending your life savings on long-term care services isn’t on your to-do list.
When You Need Care
A licensed health care practitioner must certify you are chronically ill and submit a plan of care prescribing long-term care services.
Waiting for Benefits to Begin
When you purchase a long-term care insurance policy, you will select an elimination period during which time any costs for long-term care services are your responsibility.
Payment of Policy Benefits
Once you become eligible for benefits , you have the option to choose how benefits are paid to you. A traditional reimbursement benefit is payable after satisfying your policy’s elimination period. Or you may elect to receive a cash benefit with no elimination period to satisfy.
Continuation of Benefits
As long as you remain chronically ill and eligible for benefits, your policy will continue paying for covered long-term care services until your policy limit is reached.
Does working with an agent cost me more?
No, you will pay the same amount to work with an agent as you would if you were researching and dealing with the application process all on your own.
What are the advantages to working with an agent?
Nationwide Life Plans currently has agents with over 30+ years of experience, who can help you determine what you are eligible for and when. We are devoted to providing a personalized touch, that only an independent broker can offer. We represent most major insurance companies; our entire focus is on working with our clients and finding the most efficient plan for them.
To find out how we can help you today, click here for no-pressure information from our seasoned agents.
I don’t see my question.
If you don’t see your question, simply click here and ask us directly!