Long-Term Care Insurance for Future Peace of Mind
Long-term care insurance helps protect your savings and independence when you need extended assistance with daily living. Whether it’s in-home care, assisted living, or nursing home support, these services are not covered by regular health insurance or Medicare. We work with Southern Illinois individuals and families—often during retirement planning or after caring for a loved one—to put coverage in place before it’s needed. Planning early means lower premiums, more options, and peace of mind knowing you won’t have to rely solely on family members or your personal finances in the future.
Why Long-Term Care Insurance Is Essential
Long-term care insurance provides financial support for services like bathing, dressing, eating, mobility, and medication management when you can no longer perform them on your own. These policies can reimburse expenses for care in your home, an assisted living facility, adult day care, or a nursing home. We’ll help you understand how benefit periods, daily benefit amounts, elimination periods, and inflation protection work. Whether you're looking to protect assets for your family or maintain control over where and how you receive care, we guide you through the options and help you tailor a plan that fits your future needs and goals.
What Does Long-Term Care Insurance Cover?
Coverage typically includes nursing home care, assisted living, in-home care, and adult day care. Some policies also cover home modifications or respite care for family caregivers.
Types of Long-Term Care Policies
Traditional Long-Term Care Insurance
Covers a wide range of care options with monthly premiums that can increase over time.
Hybrid Policies
Combines long-term care insurance with life insurance or an annuity, offering more flexibility and a guaranteed payout if long-term care isn’t needed.
Life Insurance with Long-Term Care Rider
Allows you to use the death benefit to cover long-term care costs if necessary, giving you more options and peace of mind.
Long-Term Care Insurance FAQs
What’s the best time to buy long-term care insurance?
It’s best to purchase it in your 50s or 60s, while you’re still healthy and premiums are more affordable. However, we’ll discuss all your options at any age.
How much does long-term care insurance cost?
It depends on your age, health, and the amount of coverage. On average, premiums are more affordable when you start early.
Is long-term care insurance tax-deductible?
In some cases, yes. Long-term care insurance premiums can be tax-deductible, especially if you itemize deductions. We’ll explain this based on your situation.
Can I change my policy if my needs change?
Yes, many policies offer flexibility to increase or decrease coverage as your needs change. We’ll help you choose the right fit.