West Financial Group is Certified in Long Term Care (CLTC).
Long-term care insurance reimburses policyholders a daily amount for services to assist them with activities of daily living such as bathing, dressing, or eating. You can select a range of care options and benefits that allow you to get the services you need, where you need them.
Three Important Reasons Not To Wait
- The longer you wait, the greater the chance you have of becoming uninsurable due to an illness or other condition. Your eligibility is based on your physical health and mental acuity at the time of application, which generally speaking, is better when you are younger. The average age of people purchasing long-term care insurance has dropped from age 68 in 1990 to around age 57 according to current industry statistics.
- Your long-term care insurance premiums are based on your age at the time of application. The sooner you apply, the easier it will be to get coverage and the less expensive it will be.
- Once you're approved, your rate does not increase as you age or if your health deteriorates. An insurance company may increase premiums on an entire class basis - not just for your policy.