See what Long-Term Care Insurance can do for your clients
A long-term care insurance policy can help your client receive the care they need in their home, where they’re most comfortable. And because it pays benefits for services they need, their children may not have to become caregivers. Long-term care insurance allows your clients to make their own decisions about what’s best for them. It can help them protect their retirement savings so they will be able to do all the things they want to do and still be able to have something left to leave to their children. With a little planning now, a long-term care insurance policy can help your client continue live life their way.
Long-Term care is more than a nursing home
Long-Term care is usually defined as personal or medical assistance with the Activities of Daily Living (ADLs), Which include bathing, dressing, continence, eating, toileting, and transferring those who may require assistance because of weakness or medical apparatus.
Assisted living- Assisted living provides help with bathing and dressing, medication reminders, and light housekeeping. It’s designed to help those with minimal needs to remain as independent as possible.
Home Care- Home care can include companions to assist with housekeeping, cooking, and shopping. It can also include medical care provided by registered or licensed practical nurses. Home care can be part-time or full-time, depending upon needs
Adult Day Care- Provides social and health-related services during the day to frail, elderly, or disabled individuals in a community-based setting. Adult day care can offer relief for family members who are caregivers and is ideal for those who would benefit from a group setting outside the home.
Nursing Home- Nursing home services are mostly for those who need more intensive medical care, such as wound care, rehabilitation, or help with respirators or ventilators. Nursing home care may be temporary or permanent.
The odds that your clients will need long-term care 70%
Statistics show that at least 70% of people over the age of 65 will require some long-term care services at some point in their lives.
*DHHS, 2008. Statistics taken from www.longtermcare.gov
Administration on aging:202 619-0724
The costs of long-term care
| Long term care services | Costs |
|---|---|
| Home health aide | $20.27 per hour |
| Assisted Living Unit | $3,369 per month |
| Nursing Home / Semiprivate room |
$195 per day, or $71,175 per year |
| Nursing Home / Private room |
$216 per day, or $78,840 per year |
Our Carriers
| Stand Alone | Wrap Life/LTC |
|---|---|
| Mutual Of Omaha | Lincoln Financial Group John Hancock |
| John Hancock | Nationwide North American |
| Genworth | AXA West Coast/Protective |
