With Baby Boomers reaching retirement and Americans living longer than ever, Long Term Care Insurance should be on the minds of many people, in particular those close to retiring.
Long Term Care is a service provided in a facility such as a nursing home, assisted living facility, or in the home by a nurse or aid. Long Term Care is typically not skilled care but custodial which is help with the every day activities of daily living (ADLs) such as eating, bathing, dressing, transferring, toileting, and maintaining continence. If you have Long Term Care Insurance most or all of your costs can be paid, depending on which policy you buy.
Because of the complexity of this form of insurance coverage, it is imperative that you work with insurance professionals who are experienced in Group Long Term Care details.
The Capital Group are experts in this type of coverage and can guide you through the broad range of options available to you, while always watching after the costs of the premiums that you have to pay for this smart coverage.