A Long-Term-Care Benefit Plan is a unique, tax advantaged financial option that allows a person to pay for a stay in a long-term-care facility of your choice. Those that don’t have this type of coverage may end up in a Medicaid facility which might not be what you would want. Having long-term-care coverage allows the policy owner to immediately direct payments to cover their senior housing and long-term-care costs. Long-Term-Care benefits are an accepted form of payment by all Home Care, Assisted Living, Memory Care, Nursing Home, and Hospice companies in the United States.

But should you consider a “true” long-term-care plan or a life insurance policy with a LTC rider on it? Depending which one you choose, there may be no wait periods, no care limitations, no costs to apply, no requirement to be terminally ill, and no loans or premium payments due after admittance to the LTC facility. Let us share with you all the information necessary to make an informed decision. The worst thing is to pay for this type of coverage and find out that it doesn’t do what you expected it to when you are in your time of need. Contact us for a quote today!