Long Term Care Insurance

INSURANCE PLANNING

Long Term Insurance

  • Coverage that provides nursing-home care, home-health care, personal or adult daycare for individuals age 65 or older. LTC can be very expensive and on average a cost for a nursing home is $200 to $300 per day. With LTC insurance insured’s pay a annual premium and it typically covers $6,500 to $7,000 a month of nursing home expenses. These policies often come with a compounding factor which increases your monthly benefit over the years to keep pace with rising costs of nursing care facilities.