Long term care insurance protects wealth and provides assistance
The financial challenges of providing long term care (LTC) can be immense. When someone can no longer take care of themselves or perform routine daily activities, health care providers may be required to assist with tasks such as eating, bathing and dressing. Often this situation is the result of advanced age, but can also be necessitated by illnesses such as Alzheimer’s disease, rheumatoid arthritis, stroke, multiple sclerosis or injury. The cost of long term care can be very expensive and can quickly impact your retirement savings and the lifestyle of you and your family. Long term care insurance can help meet these costs and protect wealth built up over the years. LTC insurance is an effective way to help protect assets and provide your family with greater security and control over important decisions concerning health care and living arrangements. For a broad range of innovative long term care insurance options, consider John Hancock.
John Hancock – a leading provider of long term care insurance
With over 145 years of experience and stability in the insurance business, John Hancock offers a variety of long term care coverage options for your long term care needs. A John Hancock long term care insurance program can cover a variety of assistance options – from skilled to intermediate and custodial care – and can provide care in a variety of settings, including the home, assisted living and nursing facilities. In addition to a variety of long term care insurance plans, John Hancock provides options that allow you to customize your LTC policy to fit your needs and budget.
The cost of long term care insurance
The cost of long term care insurance depends on a number of factors, including your age, health, and the amount of coverage you require. Most families find they can set up a comprehensive and affordable long term care insurance plan that meets both their needs and their budget. Making decisions now rather than later can reduce the cost of insurance, since the cost is less for younger and healthier people. And because an accident or illness can happen at any age, making sure that you are covered with an LTC insurance plan is an important way of protecting your families finances and making sure you will get the assistance you need in the setting that you prefer.