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Americans are living longer today, thus we need to take time to understand the concept of Long-Term Care Insurance. Long-Term Care (LTC) is different from traditional medical care. LTC helps one live as he/she is now. Sometimes LTC services may not help to improve or correct medical problems. LTC services may include help with one's requirement of daily living, home health care, respite care, hospice care, adult day care and care in a nursing or assisted living facilities.
Physical illness and/or disability may leave someone needing assistance with the activities of daily living for a defined period or an on-going period. Cognitive impairments, such as Alzheimer's Disease, usually need permanent supervision, protection and verbal reminders for everyday activities. Most insurance companies will qualify a policy holder when they have two or more Adult Daily Living (ADL) conditions or a cognitive disease. The treatment could occur at:
Not everyone can qualify for a stand-alone, Long-Term Care insurance policy based on the underwriting process. Should a stand-alone Long-Term Care policy not be feasible for your current health condition and/or financial plan, Keim Financial Services can work with you to find an alternative life insurance or fixed annuity product that may enable you to receive Long-Term Care benefits.