Long-Term Care Insurance
Today, you're healthy. What about tomorrow? What if you or your spouse becomes physically or mentally incapacitated? Long term care could be required, including custodial care, assistance with daily activities like eating, bathing, getting dressed. Protect yourself and your family financially. Be prepared with Long-Term Care Insurance (LTC).
What is Long-Term Care and who needs it?
LTC refers to care needed over an extended period of time due to a chronic illness or disability. It doesn't cover a short-term hospital stay or illness. LTC insurance covers medical services, such as nursing care or therapies, assisted living facility care, and daily living activities, whether in a nursing home or an individual's home.
Couples with children are likely candidates for LTC. In this case, insurance protects both an inheritance and the children having to finance a parent's care. However, adults might want to think about LTC for their parents as well, considering the cost of nursing home care.
Good reasons to consider your coverage options today
First, your good health today will allow you to qualify for coverage. After you gather the facts, it is up to you to decide if you want protection. If you wait, health problems could disqualify you.
Second, rates are based on your age. The younger you are, the less expensive Long-Term Care insurance is. Additional discounts are also available to you, as a member, and to your family. There has never been a better time to fit Long-Term Care insurance into your financial planning puzzle.
To find out more about Long-Term Care, call 757-898-0089. It's important that you understand not only what your financial exposure may be, but what options are available to protect you in the years to come.
Langley Insurance Agency (Langley Financial Services, LLC) is an affiliate of Langley Federal Credit Union (LFCU). Business conducted with Langley Insurance Agency is separate and distinct from any business conducted with the credit union. Remember that any insurance required as a condition of the extension of credit by LFCU need not be purchased from Langley Insurance Agency, but may, without affecting the approval of the application for credit, be purchased from an agent or insurance company of the member's choice.
Insurance products are not deposits of LFCU and are not protected by the NCUA. They are not an obligation of or guaranteed by the credit union and may be subject to risk. If you have any concerns or complaints regarding this relationship, you may contact the VA Office of Consumer Affairs, or the insurance department of your state. For information on how to contact them, you may call us.