Chances are your clients could live well into their 80s, 90s and possibly even longer. When one lives a long life, the likelihood of needing long-term health care is greatly increased. Almost 70% of people turning age 65 may need long-term care at some point in their lives1.
Additionally, younger people also need long-term care/disability coverage to protect them from potential accidents or illnesses.
It’s important to know that long-term care is generally not covered by medical insurance, by Medicare supplemental plans or group/employer insurance. For seniors on Medicare, the long-term care benefits can be quite limited.
Many advisors think “long-term care” refers only to a traditional LTC insurance policy. In reality, new hybrid policies can provide long-term care benefits if needed, or other benefits if they’re not. We offer multiple LTC solutions, including individual plans, asset-based long-term care, and life-insurance-based long-term care. We will work with you to find the best plan for your clients’ LTC needs.
1Source: Administration on Aging, U.S. Department of Health and Human Services
