What you need to know about long-term care insurance

• Long-term care is the daily assistance needed when you have a serious illness or disability that lasts a long time and you are not able to totally care for yourself.
• Compared to many other risks in life (house fire, car accident, etc.), the chances of needing long-term care are strikingly high. Half of Americans will need it, either at home or in an assisted living facility or nursing home, at some point in their lifetime.
• Because people are living longer, there is more of an exposure to long-term illness than ever before. By the year 2020, 12 million women and men over the age of 65 will need long-term care.
• Although older people are more likely to need long-term care, the need can come at any age. The U.S. Government Accountability Office estimates that 40% of those currently receiving long-term care services are between the ages of 18 and 64.
• The cost of long-term care services is very high and is continually increasing due to inflation. And, these services may be needed for several years or longer.
  

Benefits of long-term care insurance

• Preserves your independent lifestyle. Many people are concerned about having to rely on family or friends for long-term care needs.
• Allows an alternative to nursing home by providing funds for care alternatives.
• Protects your savings and assets from the high costs of long-term care. Many people are concerned about protecting their resources so they don’t outlive their money.
• Increases your choices and options in both the type of care and where that care is provided.
• Long-term care insurance can help prepare and protect you and your family when funds are needed for health care. It can help ensure independence, protect assets, and guarantee care...and give you and your family peace of mind.

The need for long-term care services affects people of all ages, and the high costs can present a serious threat to your financial independence and lifetime savings.

Royal Neighbors has endorsed an individual long-term care policy from Great American® Life Insurance Company, a leader in the industry. It provides excellent benefits at a significant discount for our members. Plus, discounted rates may be extended to your entire family. Call (800) 557-5721.