Long term care insurance can play a critical role, providing a variety of important benefits:
• It is insurance primarily designed to cover the costs associated with long term care, helping protect your client's assets for the purpose they intended.
• It enables your client to participate in the choice of where they receive care, including in nursing homes, assisted living facilities, adult day care centers and home settings - where many people prefer to stay.
• The cost of coverage is based on your client's age and health when they apply. So, the younger and healthier your client's are, the lower their premiums may be.
Long term care insurance doesn’t replace what families do, but it does help them provide care for their loved ones better and longer.