Is Your Retirement Nest Egg Protected?

Financial experts agree that without long-term care insurance, your retirement plan is incomplete. Almost half of all 65-year-olds will use a nursing home at some point in their remaining lives, the average cost of which is now $80,000 a year. Long-term care insurance provides confidence in knowing that such costs will be covered without having to deplete your retirement savings.


What is Long-Term Care Insurance?


Long-term care involves providing assistance to individuals who need help in carrying out basic self-care tasks, such as bathing, eating, dressing, toileting and ambulation. These daily tasks are commonly referred to as “Activities of Daily Living” (ADLs). Long-term care includes personal care in a home, hospital, or private facility.

Long-term care insurance helps mitigate the pricey cost of long-term care. It not only protects your finances, it also protects your family from the emotional and physical burdens that typically accompany a long-term care experience.


Why Purchase Long-Term Care Insurance?

  • In the event you need help caring for yourself, you have the ability to stay at home
  • You can protect your savings and assets against the unknown
  • You never have to worry about depending on others for care
  • You can protect and leave an estate for your heirs

The Importance of Shopping for Long-Term Care Insurance Now

Those who are in good health should start the process of shopping for and obtaining long-term care insurance as soon as possible. Unlike auto insurance, high-risk individuals do not have options at higher price tags when it comes to long-term care insurance. In fact, some preexisting conditions will disqualify you from obtaining coverage entirely.

At Harding & Jacob Insurance, we have several agents in our Cleveland, Ohio and Columbus, Ohio offices that specialize in long-term care insurance. We also have access to a wide variety of options for your long-term care needs. Our ability to shop the market will not only save you time and money, but will also lower your chances of being declined for coverage. Call us today at 440.871.7261 for a complimentary review of your long-term care insurance plan.

Want to learn more about your Long-Term Care Insurance options?