Long Term Care Insurance

LONG TERM CARE INSURANCE

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Factor needed for long term care insurance is not age.

Person who require care are not the one who are sick but also the one who are not able to perform some basic activities of daily , such as:

Bathing

Eating

Dressing

Walking

Toileting

Long term care insurance is based on

-Age i.e. how old are you and at what time period you will buy the policy.

-Maximum amount that policy will be paid in a day

-Maximum number of days will be counted that a policy will be paying.

-Inflation and elimination period.

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Further there are some benefits of Long term care insurance:

-Not everyone want to take help from their children or relatives nor they want to be burden on them for their sickness- therefore long term care insurance helps them in reducing the cost of their expense thus making their burden less.

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-These benefits are notincluded in income – they are eligible for income tax deduction.

At the end, we can say that the long term care insurance help to maintain independence as there is no need to be burden upon others and also helps in reducing the financial expense.

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Let Long term care insurance serve you better.