LTC Insurance

Protect Your Assets and Independence With Long Term Care Insurance

If you own a home or automobile, like most people, you’ve insured it against theft, damage and natural disasters. Hopefully, it is unlikely that you will ever need to file a claim, especially one that will equal the amount of money that you have paid out in premiums over the years.

And yet, many people hesitate to make Long Term Care Insurance part of their retirement or financial planning, despite the statistics showing that

  • most people WILL need Long Term Care at some point in the aging process
  • the actual cost of Long Term Care can run close to $100,000 and up per year
  • Long Term Care Insurance costs far less than the coverage it provides

So, since it is likely that eventually you’ll need long-term care, doesn’t it make sense to take steps to protect yourself, to ensure you’ll get to live out your days with quality care, in the setting of your choice, without depleting all of your financial resources?

“I hadn’t thought about long term care health insurance. I never knew how important this coverage was to obtain while I was young and in good health. Speaking to Jody was so easy and comfortable and now I feel really good about having this policy.”  Nancy W. Business Owner


Long Term Care Insurance (LTCi) makes it possible to get the care you’ll need at far less cost than paying for services out-of-pocket.

For a relatively low annual premium, LTCI provides you with a substantial pool of money to pay for your long term care needs when they arise. In most cases, LTCi cost pennies on the dollar and can be a very affordable solution. Want a quote?  Click Here!

long-term-care-insuranceTailor your LTCi to fit your needs

With LCTi, you are purchasing a bucket of money to pay for long term care. Policies available today pay for care in your home, and/or at an assisted living or skilled nursing facility.

LCTi is not “one size fits all”, and you can tailor your coverage to fit your needs and budget by customizing the 4 basic design elements of all LTCi:

  • Daily Benefit Amount (DBA) – The maximum amount the insurance carrier will pay out per day for your claim. If you spend more than that maximum, you pay the difference out of pocket. If you spend less the funds stay in your bucket for future use. The daily benefit amount can also be calculated as a weekly or monthly amount.
  • Total Benefit Amount – The total amount available in your bucket to pay your claim. You may purchase an unlimited amount, which never runs out no matter how long you need care, or you may follow the statistics and cap your policy with limits. Most people choose the latter, as it is more cost effective and affordable.
  • Inflation Protection – You may include the cost of inflation protection in your policy at the outset, or choose to add additional coverage for an increased premium as you go. Although adding inflation protection at the beginning of the policy increases the initial premium, it remains relatively level for the duration of the policy. Opting to increase your coverage as you go is less expensive in the earlier years and becomes extremely expensive in the later years.
  • Elimination Period – The deductible period from the date your claim is approved to the time the policy begins reimbursing. The most common elimination periods are 30-90 days.

 “Before we sat down with Jody, I was convinced that the State of California Long Term Care Insurance, available to state employees and retirees, was the best plan for my wife and me. She not only showed us why we were better off with a different insurance plan, her financial background was very useful in helping us decide how much insurance we needed. We really appreciated her conservative approach”. Mr. & Mrs. U., School Principal


LTCi can be purchased one of two ways:

  • a stand alone policy similar to the fire insurance policy on your home, which can include a return of premium option
  • a rider to life insurance or an annuity

For most people, a stand alone policy is more affordable; however all the options should be explored, including a group policy which may be available through your employer.

Note: Don’t assume the group policy will be the better value, sometimes, applying to the same carrier for an individual policy can save you dollars and result in better coverage

Not sure which policy is right for you?  Let’s talk.