A long term care plan can help secure your future
A long term care plan is something that every family will want to consider. When the aging process or a chronic illness make it hard for a person to care for themselves, a long term care plan helps to covers the cost of care to help with normal daily activities such as bathing, eating, dressing and moving about the house. Depending on the type of care required and how long it is needed, long term care costs can be expensive. A plan to provide for the expense of care over a long term not only helps to protect your family’s financial future, but can help reduce the financial and emotional burden of the decisions families must make about care for a loved one. When choosing a long term care plan, many families turn to John Hancock for coverage options.
Find the right long term care plan at John Hancock
As a leading long term care insurance company, John Hancock offers a variety of innovative coverage options and can help you choose the long term care plan that best suits your needs. John Hancock’s products include coverage for various levels of care in a variety of settings, including the home, the community or an assisted living or nursing facility. With a long term care plan from John Hancock, you can have the security to help cover the expense of long term care and the control and independence to decide where to receive care. With help from John Hancock, you can feel confident about your family’s financial future.
Make a plan to cover the long term cost of care
When establishing a long term care plan, you’ll want to consider several variables when choosing the level of coverage you will need:
- Current cost of long term care. The cost of care varies by geographic area. Knowing where you want to end up is a significant part of figuring out the amount of long term health insurance coverage you will need.
- Length of time you want coverage. While a recent study* suggests that people on average need long term assistance for three years, your health and family history should also be taken into consideration when selecting long term care premiums.
- Assets you want to protect. Your long term care plan should be part of your overall retirement plan, helping to protect the assets you will need for retirement and the wealth you have built for your family.
- Protection against inflation. A long term plan must account for the rising cost of health care over the years.
*Center for Retirement Research at Boston College, "How Can We Improve Long-Term Care Financing," June 2008.