California Long Term Care Insurance
Long Term Care Insurance is designed to cover an individual when he or she cannot perform their normal "activities of daily living". This can range from a broken hip that requires in-home care to a serious dehabilitating disease that requires long term, full-time attention. We could throw a lot of numbers and graphs at you showing the need but we think that most people understand that you have a high probability of requiring assistance with an "activity of daily living" in your lifetime. This is why Life Insurance is generally easier to obtain than Long Term Care or Disability Insurance. People can make multiple claims on a Long Term Care policy through their life versus making only one claim against their Life Insurance. Think about it.
There are a few moving parts to understand when it comes to Long Term Care Insurance.
- Elimination Period - How long you need to wait before you can claim against your insurance? Usually, the shorter the better.
- Lifetime Maximum or Lifetime Benefit - The amount of money available for you to claim against in your lifetime.
- Triggers - Most policies have between two and three "triggers". A trigger begins the claim process and is expressed as something you are not able to do like bathe yourself, dress yourself, etc.... The more triggers options you have, the better.
- Daily Maximum or Daily Benefit - The amount of money you are given per day to claim against.
- Inflation Protection - The choice is usually between a 5% Simple and 5% Compound Inflation Rider. Inflation Riders allow your lifetime and daily maximum to keep up with inflation.
This is just a brief description of California Long Term Care Insurance. Why not ask for a FREE quote and we would be happy to explain how Long Term Care Insurance works to you.
Request a California Long Term Care Insurance Quote
To request a personalized California long term care insurance quote please complete the form below. We will contact you within 48 hours. If you need immediate assistance please call 800-500-1916.