PPT2-what is long term care insurance


Presentation Description

For those asking what is long term care insurance and having second thoughts on whether purchasing it is a good and smart decision, here is one convincing reason. LTC costs continuously soar annually. Take advantage of lower premiums if you buy policies early. See http://www.infolongtermcare.org for additional details on LTCI.


Presentation Transcript

What is long term care insurance?:

What is long term care insurance? Determining the Right Coverage

What is long term care insurance?:

What is long term care insurance? Long term care insurance is regarded as the most dependable source of financing for custodial care , or services that helps people maintain the best level of functioning in their activities of daily living (ADLs) According to the U.S. Department of Health and Human Services, 70% of Americans who live to the age of 65 will need these type of care at some point of their lives.

Who need it?:

Who need it? Women People with a family history of chronic diseases People who live an unhealthy lifestyle People who live alone

Types of Long Term Care Insurance:

Types of Long Term Care Insurance Reimbursement LTCI Policies – policies pay for the actual costs of care up to the maximum benefit amount. Indemnity LTCI Policies – Indemnity polices pays the maximum benefit amount regardless of how much the actual cost of care is.

Determining the right coverage:

Determining the right coverage Below are some questions that can guide you in determining the right coverage to buy: How much benefit amount do I need? How long should the benefit period be? How long should the elimination period be? Do I need inflation protection?

PowerPoint Presentation:

For more information, visit http://www.infolongtermcare.org

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