Learn about Long-Term Care Insurance and why it should be part of your insurance plans.

Did you know that November is Long-Term Care Insurance Awareness Month? There is a high probability you’ll need Long-Term Care (LTC) during your lifetime, yet many Americans are not prepared with a plan. Without careful planning, the financial impact of these costs may be devastating for you and your family. LTC insurance may help offset costs by covering the basic daily needs for those with chronic illness or disability.   

What You Need to Know About Long-Term Care Insurance

November 2, 2016

Did you know that November is Long-Term Care Insurance Awareness Month? There is a high probability you’ll need Long-Term Care (LTC) during your lifetime, yet many Americans are not prepared with a plan. Without careful planning, the financial impact of these costs may be devastating for you and your family. LTC insurance may help offset costs by covering the basic daily needs for those with chronic illness or disability. 

Here are some facts about LTC Insurance that you need to know. 

 Long-Term Care Insurance can protect you and your family from incurring huge costs if you ever develop a chronic illness or become disabled.

Long-term care insurance can help ensure that you’ll get high quality care without burdening your loved ones or straining your financial resources. You may be surprised by these 5 reasons why you need Long-Term Care InsuranceThe longer your wait to purchase Long-Term Care Insurance, the more expensive your premiums will be. Find out about the different types of policies and features by speaking with a Redstone Insurance Advisor today.

Sources
2015 Medicare & You, Centers for Medicare & Medicaid Services, https://www.medicare.gov/Pubs/pdf/10050.pdf
AARP Public Policy Institute (2011) Valuing the Invaluable, http://assets.aarp.org/rgcenter/ppi/ltc/i51-caregiving.pdf
Genworth 2014 Cost of Care Survey, March 2014, https://www.genworth.com/corporate/about-genworth/industry-expertise/cost-of-care.html
Centers for Disease Control and Prevention, Nursing Home Care FastStats, April 2016, http://www.cdc.gov/nchs/fastats/nursing-home-care.htm
U.S. Department of Health and Human Services,2016, http://longtermcare.gov

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Insurance products are offered through third-party insurance companies, are not Redstone Federal Credit Union products, and are not NCUA or federally insured. These products are not obligations of RFCU and are not endorsed, recommended, or guaranteed by RFCU or any government agency. These products are being offered by dual employees who accept deposits on behalf of the credit union and also sells non-deposit investment products on behalf of a third-party broker. RFCU does not warrant, guarantee, or insure any service or product offered by any third-party insurance company or Redstone Insurance ServicesSM. RFCU and Redstone Insurance Services are affiliated, but RFCU, Redstone Insurance Services, and third-party insurance companies are separate entities.