Senior Series: What is Long Term Care Insurance

We buy a lot of homes from seniors or from their family members who end up being tasked with selling home for a senior. Our Senior Series is designed to help them tackle some of the issues they might encounter when working through that process. Today we take a look at long term care insurance

What is Long-Term Care Insurance?

Long-Term Care Insurance can help people and their families avoid being stuck with large bills to cover the costs of living in Senior Care or Assisted Living. We have seen firsthand what having or not having his insurance has done for our own family members. One set of seniors was able to afford specialized care for the husband who was in the final stages of Alzheimer’s and another set, had to pay cash out of pocket, at $8,000 a month for that same care or care for his wife at home.

We highly recommend that all readers take a few minutes to wach this video to see what long-term care insurance will cover to help seniors stay in their own homes for as long as they can and not force them to sell their home to pay for care when the time comes.

Jeff Hoyt is SeniorLiving.org’s Editor-in-Chief.
For more on the study, visit https://www.seniorliving.org/research…
Subscribe to SeniorLiving.org on YouTube: https://www.youtube.com/channel/UCIYQ…
For more on Long-Term Care Insurance Quotes, visit https://www.seniorliving.org/insuranc…

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