A long term care policy can relieve financial strain and protect wealth
Long term care (LTC) is the term used for health care and assistance provided to those who can no longer take care of themselves on a daily basis. When age or illness prevents one from performing simple daily tasks like dressing, bathing, eating or moving around, long term care providers can help – but often at a steep price. A long term care policy helps to cover the cost of care, protecting the wealth you have accumulated and giving you and your family more control over health care decisions and lifestyle choices. A long term care policy provides the choice, control and independence you want when facing difficult life decisions.
For a long term care policy that best suits your financial needs, consider plans from John Hancock.
John Hancock – innovative long term care policy options
John Hancock has been in the insurance business for more than 145 years and has provided long term care policy options since 1987. As a leader among long term care insurance providers year after year*, John Hancock can provide long term care policy options that enable you to customize your policy for your needs and budget. A John Hancock long term care policy can also provide protection against inflation so that you can be better prepared for the cost of long term health care in the future.
A John Hancock policy can cover care at all levels – from custodial care that includes help with daily activities; to skilled care that includes nursing care and physical, occupational, respiratory and speech therapy on a daily basis; to intermediate care – skilled care services on a less frequent schedule. With a long term care policy from John Hancock, you can feel confident and positive about the future with the knowledge that your policy will help minimize the financial exposure of long term care and that can avoid becoming a burden on your loved ones.
How much coverage should your long term care policy provide?
A John Hancock financial professional can help you decide on the right policy for long term heath care and the amount of coverage that is right for you. Considerations include:
- Length of coverage. Research** has shown that people use long term assistance for an average of three years, but family health history and current health status should be also be taken into consideration.
- Current cost of care. Cost of health care varies from place to place, and knowing where you want to retire or live can help determine the amount of coverage you may need.
- Level of asset protection. A long term care policy should be part of a comprehensive plan for your financial future, helping to secure the assets you want to protect.
*According to LIMRA, an industry research and consulting group
**Center for Retirement Research at Boston College