What is Long Term Care Insurance is the first question many people ask when they begin to enter into the point in their lives when they think about the circumstances surrounding their care, or level of care, once they grow too old to care for themselves.
Long Term Care insurance is coverage in the inevitable event that you are in need of custodial care. Basically, once you are too up in age (old!) to bathe for yourself, eat, move about (ambulate), if you develop a problem with continence, or if you cannot transfer from a wheelchair to a bed or vice versa...you need a caretaker.
These caretakers are not free and the government is not going to come and take care of you. It is unlikely that, for a sustained period of time, that your family will be able to take care of you. Therefore, you must look out for yourself by purchasing a policy, especially while you are young (the younger you are, the cheaper your policy!).
LTC Insurance will pay for caregivers to come into your home and take care of your daily living activities and keep you company while they're at it. How long they come for, the quality of caregiver you get, etc all depend upon the insurance policy that you purchase.
A long term care insurance policy can cost as little as $50/month depending upon your age. Shouldn't you contact a local, South Carolina Insurance Agent for a quote? It cant hurt and its only a click away!
Submitted by: Ashley Brooks, http://www.ashleybrooks.info/, (803)331-5323
No comments:
Post a Comment