Long-Term Care Insurance
Long-term care is the largest unfunded liability facing Americans today. Many people mistakenly think that Medicare will pay for long-term care costs . . . those incurred in nursing homes, assisted living facilities, adult day care or even homecare. Unfortunately, that's just not the case. Medicare will only pay for skilled care. The vast majority of people receiving care are receiving intermediate or custodial care.
Statistics show that one in every three persons over the age of 65 will spend at least two and one-half years in a nursing home. At an average cost of $5,600 per month, that's a total expenditure of $168,000.00! And nursing homes represent only a small spectrum of long-term care services. Most people needing these services today are receiving them in assisted living communities or even in their own home!
For more than twenty years we have specialized in plans to help cover the cost of care no matter where you receive it. We've studied the fine print in nearly every plan available and have quickly become recognized as independent experts in the field of LTC insurance. We're often called upon to present educational programs for senior groups, professional organizations and employers who have employees preparing for retirement.
The sooner you purchase, the lower your premiums will be. Plus, if you apply while you are healthy you may qualify for even lower, preferred rates. Persons in their late forties and early fifties should definitely include long-term care insurance as part of their financial plan for retirement.
As independent brokers we represent nearly every insurance company and we can tailor the plans to your specific financial needs. We've been doing this long enough to have experienced claims. We know which companies pay and which don't. Plus, we initiate the process for claims on behalf of our clients to make sure they get the money they deserve out of any policy purchased from our agency! Service makes the difference!
- Coverage for care in any setting. You are in control of where you receive your care.
- Premiums can qualify for certain favorable tax treatment on both your Federal and State tax returns.
- You won't need to spend down your assets in order to qualify for Medicaid (Welfare). You are protecting your estate for your children or your favorite charity.
Are you in need of life insurance? We can explain the difference between term, universal and whole life plans. How much life insurance should you have? We can help you determine that, too. Once you've decided which type best suits your needs we will search among the most highly rated companies to find the best plan at the best price.
$100,000 of term life insurance for a female age 55 costs less than $21 per month. Contact our office for quotes. We compare the best companies to bring you the lowest premiums for the type of coverage you need.
Thinking about a tax-deferred annuity? Today's annuities are extremely flexible and offer guaranteed safety, tax-deferred growth, competitive yields and they avoid probate! We offer a wide variety of annuity products. Let us walk you through your choices so you can decide if an annuity is right for you.
Ask us about the new Qualified Oregon Long-Term Care Partnership Program!