Injuries or illnesses that prevent an individual from performing everyday activities of daily living, such as personal hygiene, getting dressed, and preparing meals require more than income replacement coverage provided by disability insurance. Long-term care insurance policies provide coverage for expenses related to receiving advanced levels of care, such as:
- In-home nursing/home care
- Nursing home
- Care at an assisted living facility
- Respite care for families
- Adult daycare
Often, a spouse is compelled to leave his or her job to provide care, causing an additional loss of income. Long-term care insurance can alleviate this additional financial burden by covering the cost of care by third-party providers allowing your loved one to continue their career.
Long-term care coverage premiums will vary depending upon the age and health of the individual seeking a policy. Coverage for long-term care will be unavailable after certain changes in health status, so securing coverage before an event requiring long term care is critical.
The independent agents of the O’Connor Insurance Agency are dedicated to helping you secure your family’s future. With long-term care insurance you can have peace of mind that a lengthy illness or injury will not create a devastating financial burden on your family and community and allow you to retain a level of independence while you recover. Contact us today to discuss the options for long-term care coverage.