Purchasing long-term care insurance in Dunlap is a proactive way to prepare for future needs. Long-term care encompasses services not usually covered by regular health insurance, such as aid with daily activities like bathing, dressing, and mobility.
If you suffer from an illness like Alzheimer's disease or any chronic medical condition, a long-term care insurance coverage can help with these expenses. Most policies will reimburse you for care received in various settings, including:
Traditional Long-Term Care Insurance
This standalone policy focuses solely on covering long-term care services when needed. The policy comes into effect if you have serious cognitive impairment or cannot execute two of the six activities of daily living (such as eating, dressing, taking a shower, or transferring to a wheelchair). Your benefits start 30 to 90 days after you wait.
Hybrid Long-Term Care Insurance
This kind of insurance includes both long-term care and life insurance. With a hybrid policy, you can access the death benefit while alive to pay for long-term care. If you do not need care, your beneficiaries receive the full payout upon your death. Rates are noncancellable, meaning premiums remain fixed for life.
