Long Term Care Insurance
At Compass Financial Solutions, we offer long term care insurance options to help clients offset the costs for certain LTC services, such as for insurance or qualification for Medicaid.
Our long term care insurance options can help in a variety of ways:
- Offsets expenses incurred for confinement in a nursing home or home care
- Plans can be customized to fit budget
At first glance, you may think to forgo LTC insurance, as they are typically more expensive than other insurance plans; however, your savings are at a greater risk if you decide not go, with the rising costs of long-term care expenses. Sometimes they easily average $4,000 a month.
If you instead buy a life insurance policy with a long-term care rider you can usually enjoy long-term care protection at lower costs. Additionally, any benefits not used for your long term care expenses will be given to beneficiaries upon passing.
Check out Volume 5 of our Income Preservation Secrets series to learn more about how a structured annuity can help you pay for long term care expenses and guarantee your postretirement income.
Schedule your appointment with the professionals at Compass Financial Solutions today.