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At some point, most people over the age of 65 will need some form of long-term care to help with the activities of daily life. Even if you’re young and in relatively good health, a serious illness or major accident could leave you unable to care for yourself, requiring daily assistance most families can’t afford. Fortunately, long-term care insurance insulates you from this risk by providing the funds needed to continue living safely and comfortably.

What Is Long-Term Care Insurance?

A long-term care insurance policy pays for the help you’d need if you get injured in an accident, develop Alzheimer’s or another cognitive disease, or just can’t move around the house. In addition to in-home nursing care, these policies will also cover the cost of assisted living facilities and adult day care, without the strict financial qualifications of public benefits programs.

Why Long-Term Care Insurance Is a Worthwhile Investment

insuranceMedicaid and other programs may cover the cost of long-term care, but only after you’ve completely exhausted your retirement savings. These costs can be financially disastrous to those who had planned on leaving behind a legacy for their family members. Because so many people need these services at some point in their lives, long-term care insurance is a valuable investment, protecting everything you’ve spent your life building.

Who Should Buy Long-Term Care Coverage?

Insurers won’t provide coverage to those who already need professional care, so most people purchase coverage in their 40s or 50s. If you have a family history of Alzheimer’s or a medical condition that could limit your activities in the future, purchasing a policy before you develop symptoms is the best way to ensure you have what you need.
 

With a comprehensive range of options and a dedicated staff, Michael E Glick Insurance offers personalized service you can trust. Their agents work with some of the leading insurers in the industry and offer free policy reviews to customers throughout the Boerne, TX, area. Visit their website for more on their long-term care products, follow their Twitter for other insurance tips, or call (830) 816-9488 to request a quote today.

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