Christina Sallach
847-939-6170
Christina Sallach

The Basics of Long-Term Care Insurance

The value of long-term care insurance

As you age, you may need help with things you’ve always been able to do yourself – shopping for groceries, fixing meals, cleaning the house. You may also need help with personal services, like bathing, dressing or taking medications. A long-term care insurance policy is designed to help you pay for these types of services.

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Long-Term Care insurance may be right for you if…

You intend to remain in your home as long as possible

You value your independence and enjoy your home. You’re not planning to go anywhere…certainly not to a nursing home.

Family relationships are important

Your family means the world to you. You love spending time together and don’t want to do anything to jeopardize those cherished relationships.

You want to protect your retirement savings

You worked hard to plan for a comfortable retirement. Spending your life savings on long-term care services isn’t on your to-do list.

How a long-term care insurance policy works 

When You Need Care

A licensed health care practitioner must certify you are chronically ill and submit a plan of care prescribing long-term care services.

Waiting for Benefits to Begin

When you purchase a long-term care insurance policy, you will select an elimination period during which time any costs for long-term care services are your responsibility.

Payment of Policy Benefits

You have the option to choose how to receive policy benefits. A traditional reimbursement benefit is payable after satisfying your policy’s elimination period. Or you can elect to receive a cash benefit with no elimination period to satisfy.

Continuation of Benefits

As long as you remain chronically ill and eligible for benefits, your policy will continue paying for covered long-term care services until your policy limit is reached.

Find a plan to fit your need

Determining whether long-term care insurance is right for you doesn’t have to be difficult. Let us help.

Determine Your Need

We are here for you

chronically ill
You need help with at least two of the six activities of daily living for at least 90 consecutive days or you need continual supervision due to a severe cognitive impairment.
elimination period
The waiting period (number of calendar days) before policy benefits are payable to you.
reimbursement benefit
Reimbursement for actual long-term care expenses you incur, up to the maximum monthly benefit of the policy.
cash benefit
A percentage of the policy’s benefit for home health care. There’s no elimination period to satisfy when you select a cash benefit. And the cash may be used to pay for any expense related to your long-term care needs.
policy limit
The initial maximum dollar amount available over the life of the policy. An optional inflation protection rider may increase this amount over time.