Long-term care insurance is more important than ever—today, most of us are expected to live longer than previous generations, but we’ll also require more medical care in our golden years. Long-term care insurance is designed to relieve your anxiety about health services in later years, whether they are delivered in your home, an assisted living facility, or a nursing home. According to recent statistics, almost half of people age 65 or over will require nursing home services at some point in their lives, and more than 70% of people will use some form of home health care.
Long-term care is designed to supplement Medicare coverage, which is an important source of health-care coverage for many older Americans but frequently doesn’t cover all the necessary services. Even if you do have Medicare, a good long-term policy (whether it’s comprehensive, in-facility, or home health care) can protect your assets form rising healthcare costs. This is why many insurance agents refer to long-term insurance as “asset protection”—it’s a way to transfer the risk of medical expenses from you to your insurance company.
To learn more about M&L’s long-term insurance policies, click on the link on the right side of the page and fill out a secure request form for an affordable long-term insurance policy. Or you can call (877) 304-2323 to talk to an M&L long-term insurance specialist.