Long-term care (LTC) is the assistance that is provided to people who are unable to perform the Activities of Daily Living (ADLs) that healthy, fully-functional people do independently and on a daily basis. The need for long-term care services arises from chronic health conditions and/or physical disabilities – such as a stroke, Multiple Sclerosis, Parkinson’s or Alzheimer’s disease, and are provided over a long period of time. Some people mistakenly assume that most people receive long-term care services in nursing homes. In actuality, a number of people in need of long-term care services receive them at an assisted living facility or in one’s own home.
In September 2008, the US Department of Health and Human Services reported that at least 70 percent of people over age 65 will require some long-term care services at some point in their lives. We strongly believe that once an individual reaches the age of 60, it is a good idea to consider long-term care insurance as an integral part of a well-rounded financial plan. It may help protect your hard-earned assets, and provide more control over how and where you receive care should you need it. Below, you will find a link to our Consumer’s Guide to Long Term Care Insurance.