When it comes to long-term care, the best time to consider your options is before you actually need them.
By planning ahead, you give yourself and your loved ones the opportunity to explore the available services in your community, understand the associated costs, and make well-informed decisions while you’re still able to do so.
Some of the critical decisions you’ll face involve financing your long-term care. The earlier in life you purchase coverage, the more advantageous it will be.
At Annuity Wealth, we’re here to help guide you through the various alternatives, whether they be part of an annuity, an annuity life insurance hybrid, or a fully insured plan for an individual or couple.
A comprehensive long-term care plan should enable you to access care at home, in assisted living facilities, adult daycare centers, or long-term care facilities.
Details will be provided on a case by case basis.
Hybrid Policies:
Long-Term Care Insurance Linked with Life Insurance or an Annuity.
If you’re concerned about your future long-term care needs but unsure about traditional policies, hybrid, combination, or linked benefit policies may be the right solution.
These policies merge long-term care benefits with annuities or life insurance, addressing your evolving needs. As your life insurance requirements diminish over time, the importance of funding long-term care may increase. Hybrid policies allow you to manage both needs within a single policy.
In conclusion, proactive long-term care planning gives you the power to preserve your choices and ensure you receive the care you desire.
Contact ANNUITY WEALTH today to discuss the options available