Help protect your financial future with an LTC policy

While long term care (LTC) can impact the wealth you have built, an LTC insurance policy can help protect your assets. LTC refers to the kind of assistance many people require later in life or as the result of an injury or illness. LTC often includes assistance with routine day-to-day activities like eating, dressing, bathing and moving about the house, as well as a variety of physical therapies received on a daily or periodic basis. The cost of LTC can be fairly expensive and many families find that the costs can impact their retirement savings and the lifestyle they have worked so hard to achieve. An LTC policy helps to pay for the cost of care, minimizing financial exposure and protecting assets. When seeking an innovative LTC policy that can be customized to their needs, many families turn to John Hancock.

Learn more about an LTC policy with John Hancock now

Get a customized LTC policy from John Hancock

As a financial services company and a leader among long term care insurance providers, John Hancock can help you choose the right LTC policy for your family’s future. John Hancock offers not only a wide variety of policies but optional features that can help you customize your LTC policy to best meet your needs. With an LTC policy from John Hancock, you can:

• Minimize the financial exposure that long term care can represent.
• Proactively reduce the emotional and financial burdens than can fall on family members who must make decisions about your long term care.
• Provide the means to increase your choice and independence to receive care in the setting you prefer.

How much LTC coverage should your policy include?

When choosing an LTC policy, the amount of coverage you purchase depends on several factors.

• Age & Health.
• Location of care. Knowing where you want to retire or live in your later years can impact your choice of long term care policy, as long term care cost changes region by region.
• Duration of care. Research from the Center for Retirement Research at Boston College* suggests that people need LTC assistance for an average of three years, but personal and family health history should be taken into consideration as well when choosing a policy.
• Protection against inflation. Every LTC policy should include provisions to keep pace with the rising long term care costs.

Get more information about a John Hancock LTC policy now as well as long term care insurance ratings and long term care planning

*Center for Retirement Research at Boston College, "How Can We Improve Long-Term Care Financing," June 2008.