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Tag: Long Term Care Insurance

Standard vs. Hybrid Life Insurance: Which Is Better?

Standard life insurance has a single purpose – to provide death benefits to your beneficiaries. Hybrid life insurance combines long-term care insurance and life insurance in a single policy. If you become disabled and unable to live independently, it covers the costs of your care, at home or in a facility. It will not cover medical expenses, such as doctor visits, surgical procedures, or prescription...

Beginner’s Guide to Group Long-Term Care Insurance

In their younger years, most people do not consider needing long-term care later in life. However, it is worth considering. Purchasing this insurance when you are young makes it much more affordable. Long term care insurance is purchased as an individual or through a group long-term care insurance plan offered by an employer.  Should I Invest in Long-Term Care Insurance? If your employer offers you...

Short-Term Disability Coverage Vs. Long-Term Disability Coverage

Short-term disability and long-term disability are both designed to protect your income in case you are unable to work. However, there are differences in the two types of coverage. Many people elect to have both short-term disability and long-term disability insurance policies. What Is Short-Term Disability Insurance? Short-term disability (STD) policies pay benefits for shorter time periods, after a brief waiting (elimination) period, which is...

Understanding Long-Term Care

It may not be wise for people over the age of 65 to rely on Medicare or private health insurance. Medicare does not cover custodial care, and private health insurance rarely pays any long-term care costs. Depending on your financial situation, long-term care insurance may be your best option for peace of mind and financial benefits as you age. What Is Long-Term Care Insurance? Many...

Protect Your Assets With Long-Term Care Insurance

Though it can be a difficult subject to think about, many of us will need assistance with basic needs of living when we reach old age. Long Term Care insurance (or LTC insurance) protects your savings and your other assets when you reach the point of needing help for everyday tasks such as bathing, meal preparation, cooking, shopping, laundry, administering medications, and so on. Long...

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