The Partner You Can Trust for Long-Term Care Insurance

What is Long-Term Care Insurance (LTC)?

Demystifying Long-Term Care Insurance

Navigating the unpredictable journey of life requires preparation, especially when it pertains to our health. Long-Term Care Insurance (LTC) isn’t just insurance; it’s peace of mind. It’s a specialized insurance product crafted to cover the costs of long-term services, including personal and custodial care, in a variety of settings such as your home, a community organization, or other facility. With LTC, you ensure that your future healthcare needs are not just met but handled with the utmost care and professionalism.

Picking the Best Long Term Care Insurance Company

Making the Wise Choice with Leverage

Every insurance company promises security, but not all are equipped to navigate the intricacies of long-term care. At Leverage, we combine bold strategies with decades of expertise. Here are some things to consider when looking for your best option:

1. Reputation and Stability: Go beyond the advertisement. Look for companies that have been around and have demonstrated financial strength.
2. Flexibility in Plans: Seek providers that offer versatile plans catering to individual needs.
3. Customer Support: The true measure of a company’s commitment is its post-sale service. A dedicated team that’s available when you need them most is invaluable.

What is the Cost of LTC Insurance?

Decoding the Investment in Your Future

When considering Long-Term Care Insurance, it’s crucial to understand the various factors that influence its cost. It’s not just a price tag but a reflection of tailored care. Let’s delve into the elements determining your LTC investment:

1. Age at Time of Purchase:

   Typically, the younger you are when you buy LTC insurance, the lower the premium. As age advances, insurers often associate higher risks, which can increase the cost.

2. Health Status:

   A healthier individual might see lower premiums, as they are perceived as less of a risk. Pre-existing conditions or a history of certain illnesses can influence the cost upwards.

3. Benefit Amount:

   This refers to the daily or monthly benefit you’d receive. A higher daily benefit translates to a higher premium. Think about the costs in your desired care location to estimate this amount.

4. Benefit Period:

   How long do you anticipate needing benefits? This period can range from a couple of years to a lifetime. Longer durations of coverage can increase premiums.

5. Inflation Protection:

   Over time, the cost of care will likely increase. Inflation protection ensures that your benefit amount increases annually to keep pace with rising care costs. Choosing this option often results in higher premiums, but it can be crucial for policies expected to be used many years down the road.

6. Elimination Period:

   Think of this as a deductible period. It’s the time you’ll wait before your insurance begins to pay out. A longer elimination period can lower your premium, but means you’ll cover more out-of-pocket costs initially.

7. Shared Benefit Rider:

   For couples, some policies offer a shared pool of benefits. If one partner uses up their benefits, they can dip into the other partner’s pool. This flexibility can influence the cost.

8. Policy Add-ons or Riders:

   These are additional features you can add to your policy. Whether it’s protection against specific conditions or additional benefits in certain scenarios, each addition will have its associated cost.

At Leverage, we believe in absolute clarity. We work with you, guiding you through all of these factors, ensuring you choose a plan that’s not just financially efficient, but also aligned with your anticipated needs. Investing in LTC with Leverage is about forging a partnership for your future.

LTC Insurance Alternatives

Exploring a Universe of Possibilities

Long-term care insurance is about providing security for your future, but everyone’s situation is different. Sometime, alternatives to private long-term care insurance are necessary. At Leverage, we want your future to be protected, even if traditional routes aren’t an option. Here are some alternatives:

1. Life Insurance with LTC Riders: Combining death benefits with long-term care coverage.

2. Annuities with LTC Benefits: A tax-deferred investment growing over time, offering a stream of income.

3. Health Savings Accounts (HSAs): Funds saved can be used for medical expenses, including long-term care.

Long Term Care Insurance from Leverage

Expert Advice, Driven by Advanced Technology

• Personalized LTC Proposals at No Charge

  At Leverage, we believe in providing absolute clarity. Based on the information you provide, our team will assemble a custom presentation of your policy options with rates, riders, and options by company.

• Unbiased Recommendations from Accredited Experts

  When you meet with a Leverage insurance expert, they’ll present you with all of your LTC options. They’ll guide you through these options, answering all of your questions and providing recommendations based on your goals./p>

• Service After the Sale

  With Leverage, the relationship doesn’t end with a policy in hand. Whether it’s tweaks to your plan or insights on coverage nuances, we’re here, ensuring every step in your long-term care insurance journey is taken with confidence.