Losing your ability to support yourself financially, either due to serious injury or aging, causes emotional distress that is hard to imagine for healthy individuals. If you want to protect your financial resources in case of disaster, long-term care insurance can make the difference between surviving and living. There are a few benefits that illustrate its status as a policy you don’t want to be without.
Your Coverage Is Forever
When thinking about no longer being able to care for yourself, you may imagine being at the tail end of your lifespan. And while many may not lose the ability to live independently until a few years before their passing, it’s possible to live a long life after becoming disabled.
Long-term care insurance isn’t reserved for any particular age group. You can suffer an accident that compromises your ability to support yourself at any time. Once this happens, your long-term care insurance will begin providing the financial assistance you need.
Long Term Care Insurance Lets You Protect Your Legacy
When you’re disabled and without any financial assistance, you’re forced to burn through all of your savings. The financial distress this causes doesn’t just hurt you. It robs you of the ability to offer financial relief to the ones you care about after you pass away. By extension, a devastating injury can rob your loved ones, too.
Long-term care insurance lets you fulfill your final wishes. The money you’ve saved over your lifetime stays there because the financial assistance you receive through long-term care insurance is sufficient enough to leave a legacy behind.
You’ll Have Professional Help To Ensure You Will Get The Right Coverage
While long-term care insurance operates in the same way for all policyholders, there can be differences depending on where you purchase coverage. Your coverage may have a different payout, or your costs may vary slightly.
The differences in coverage and cost are mostly rooted in your personal situation. Your current age, health, and desired level of coverage all factor into the overall policy cost. Your insurer will help you devise a plan and get the appropriate level of coverage according to your income, the amount you have in savings, current living expenses, and expected costs for any needs stemming from an acquired disability.
In the end, you’ll have a personalized policy that will last as long as you live, preserving your ability to cover necessities while also protecting your savings. Young or old, rich or poor – long-term care insurance is there when you need it.
Ensure Financial Security When The Worst Happens
At Fidusure, we understand that it is difficult to confront the possible reality of disability. You may not be able to control the future, but you can control your future financial security in case of disaster. We’ll provide you with a long-term care policy that will cover all needs, at an affordable price. Call us today at (647) 567-4702.