Planning for it...
Even though nearly 70% of people over 65 years of age will need some type of long-term care in their remaining lifetime*, most people have not planned for this expense.
Even though the average need for care in a skilled nursing facility is just under three years, 28% will need more than 5 years of care during their lifetime.
Best time to purchase?
When you’re healthy. If you don’t meet the insurance company’s health guidelines when you apply, you can pay a higher premium, or, you can be declined.
The age dilemma...
Nearly 2 out of 3 applicants for traditional Long-Term Care Insurance who over 65 years of age are declined for coverage due to health issues.
Best age to purchase?
Many of my clients start in their 50’s with a Long-Term Care policy. The premium is lower, and, with some policies, you can have a paid-up policy by retirement age.
There are two general types of Long-Term Care Insurance: Traditional Long-Term Care Insurance, and, Asset-Based Long-Term Care Insurance. Allow us to help you determine which is right for you.
Call (559) 734-4288 or Schedule a call today!
Why should you bother with Long-Term Care?
- Dave Ramsey recommends it
- Don’t want to be a burden to children or family members
- Preserve my assets
- Reduce my out-of-pocket costs for care
- Tax Benefits
- Leave a larger estate for my heirs
- Let an insurance company pay the bills for my care
- Don’t want the State to care for me
Alan Benoy Insurance Services
1700 W. Walnut Ave., Suite A
Visalia, CA 93277
P.O Box 3001
Visalia, CA 93278
License Number 0B20964
CMS, (Center for Medicare and Medicaid Services), requires that all agents who are contracted with plans selling Medicare Advantage and Part D prescription drug plans provide consumers with the following information:
“We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.”
Per CMS, all calls must be recorded.