LTC plans can help protect the wealth you have built
Long term care (LTC) is something for which many families must make plans. Long term care is necessary when illness or injury make it hard to handle routine daily activities. Care may include help with normal activities such as eating, bathing, dressing and transferring, or it may involve physical therapy received daily or non-daily. Long term care can be expensive upwards of $74,000* per year for the most intensive care and retirement savings can easily be impacted. Long term care plans, or LTC plans, can help protect wealth and minimize the financial exposure that long term care creates. LTC plans involve LTC insurance that can help cover the cost of care received in the home, in the community or in a nursing or assisted living facility. For innovative insurance products for LTC plans, many families across the nation turn to a leading provider of long term insurance John Hancock.
John Hancock innovative insurance for LTC plans
As a market leader in financial services for more than 145 years, John Hancock brings great stability and choice to insurance products for LTC plans. At John Hancock you’ll find a variety of products with optional features that let you customize your policy to best suit the needs of your financial and retirement plans. LTC insurance from John Hancock includes inflation protection to help you keep pace with the rising cost of long term care. With John Hancock insurance for LTC plans, you not only help to protect your retirement savings and the wealth you have accumulated for your families future, you also help to reduce the emotional burden your family will feel when faced with choices concerning long term care options. The LTC plans you make today will give you more control and choice about where and how to receive long term care in the event that you require it.
Make plans to secure LTC insurance now
There are two important reasons to make plans now to buy LTC insurance. Your long term care rate for premiums is generally lower if you purchase it when you are younger and healthier. And if an accident or unexpected illness causes you to need long term care at an early age and for an extended period of time, your policy can help to cover your long term care insurance costs.
* Center for Retirement Research at Boston College, "How Can We Improve Long-Term Care Financing," June 2008.