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Individual Long Term Care Insurance
- Have you ever wondered what happened to the person walking with a cane, a walker, or even someone confined to a wheel chair?
- Did you ever think that you are one slip on the ice away from being disabled?
- Could you help a loved one bathe?
- How about feeding a loved one or simply assisting by helping them transfer from one room to the next?
Long term care is not a covered expense for Medicare or health insurance. A friend of mine once told me, "I love my mother, however, I don't feel I could bathe her or take care of her personal hygiene." These are issues we will all face. Long term care can be provided in your home, an assisted living center, or a long term care facility. If you are concerned about these issues, please spend a few minutes to contact us for a free no obligation consultation.
Long term care protection is all about choice.
• To qualify for benefits under long term care contracts, you will need:
1. Substantial assistance with at least two of six activities of daily living (bathing, eating, dressing, toileting, continence or transferring). In addition, it is expected you will need the substantial assistance for at least 90 days,
Or
You will need substantial supervision because you have a severe cognitive impairment (a significant deterioration in or loss of your intellectual capacity) and Your doctor, a nurse, licensed social worker, or care coordinator certifies from time-to-time that you need the assistance of the supervision as described above.
• Depending on the level of care you require, you can be cared for at home, assisted care facilities (including Alzheimer's facilities), or in a nursing home (including private duty nursing care). You can select a waiting period (the time you wait to be eligible for benefits) and you can select how long you want the insurance company to pay benefits (benefit period).
• Coverage can be applied for on an individual basis or provided as a benefit of employment.
• Long term care insurance is guaranteed renewable. In comparing policies, it is very important to review policy definitions, as well as the financial stability of the insurance company. A long term care event may not happen for 15 or 20 years, so it is important to maintain this protection with a financially sound insurance company.
Kent A. Baumann, CLU
Chartered Financial Consultant
President, Bonniwell Financial Services
1025 W. Glen Oaks Lane Suite 205
P.O. Box 38
Mequon, WI 53092
Phone: 262.241.8488 | Fax: 262.241.8066
kentbaumann@yahoo.com