LTC stands for long-term care. LTC covers a variety of services and support to meet health or personal care needs over an extended period of time. LTC is needed when you have a chronic illness or disability that requires assistance with Activities of Daily Living (ADL's).
Long-term care is not just nursing home coverage, it includes coverage for:
Home Health Care
Assisted Living
Homemaker Services such as Shopping, Cleaning and Cooking
At SmartFuture, we understand the issues of long-term care. People are living longer lives, and many of us will also care for aging parents. So many of us have watched an elder move unprepared into a life of limited abilities. Without the proper long-term care (LTC) insurance, the burden of care can fall unexpectedly to family members, with devastating consequences. LTC is a family issue that impacts all of us.
Long-term care is not just for the elderly. Did you know that 40% of LTC benefits are paid to 18-to-64 year-olds who have become disabled through accidents, illnesses and strokes? And don't think "oh, it can't happen to me" - the odds are greater than 50/50 that you will need long-term care in your lifetime.
You've worked hard to establish your success. Make sure you cover yourself and your family from potentially devastating financial and personal consequences.