Long-term care insurance
Long-term care insurance for greater confidence and choice
Long-term care insurance as part of a broader financial strategy
Long-term care insurance can help provide a hedge against the financial impact of needing long-term health services due to chronic illness, disability, or increased support needs later in life. These services may include assistance with everyday activities such as bathing, dressing, and eating.
At Lang Investment Services, long-term care insurance is considered as part of broader financial portfolio strategies. We assist clients in navigating long-term care planning options and evaluating coverage that may fit their needs.
What our long-term care planning services include:
Needs assessment: We evaluate the level of care you may require based on factors including the severity of your illness or disability.
Level of care: We help you determine whether home care or specialized facilities, like nursing homes, are the best fit for your circumstances.
Financial planning: We guide you through the options available, including private insurance, government programs, and long-term care insurance, considering both cost and quality of care of all available options.
Choosing long-term service care is difficult and may spark challenging conversations, but planning is essential. Considering all the factors, you can make the best decision for you and your family.
These policies have exclusions and/or limitations. Guarantees are based on the claims paying ability of the issuing company. Long Term Care Insurance or Asset Based Long Term Care Insurance Products may not be suitable for all investors. Surrender charges may apply for early withdrawals and, if made prior to age 59 ½, may be subject to a 10% federal tax penalty in addition to any gains being taxed as ordinary income. The cost and availability of Long Term Care insurance depend on factors such as age, health, and the type and amount of insurance purchased. Please consult with your financial professional when considering insurance options.
Frequently asked questions
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Long-term care insurance is designed to help address the financial impact of needing long-term health services. These services may include help with daily activities such as bathing, dressing, eating, mobility, and other support needs related to aging, chronic illness, or disability.
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Long-term care insurance may be worth considering for individuals who want to plan ahead for future care needs and reduce the potential financial strain on family members or retirement assets. Suitability depends on age, health, budget, assets, and overall planning goals.
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Depending on the policy, long-term care insurance may help cover care provided at home, in assisted living, in adult day care, or in a nursing facility. Coverage details vary, so policy terms, exclusions, waiting periods, and benefit limits should be reviewed carefully.
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Long-term care insurance can be considered within retirement planning because future care needs may affect income, savings, family responsibilities, and estate goals. Planning ahead may help clients evaluate options before care decisions become urgent.
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Long-term care planning is often easier to evaluate before health concerns become immediate. Many clients review options during broader retirement planning, especially when considering future income, insurance coverage, family support, and asset preservation goals.
Prepare for future care with greater confidence.
Start a conversation about long-term care insurance options and how future care planning may fit into your broader financial strategy.