Long-term care is needed when a chronic condition such as Alzheimer’s or stroke makes it too difficult to function independently.
While caring for elderly parents, many children become acutely aware of the potentially devastating costs and high emotional toll of this kind of extended care.
Long-Term Care (LTC) Insurance is intended to protect assets from serious erosion, while allowing access to quality care in the most appropriate and desirable setting. It’s a way to transfer some—or all—of the risk to an insurance company.
Some consider LTC Insurance a gift to their families, unburdening them from caregiving responsibilities, while at the same time, providing "inheritance insurance."
