Personal and Family Cover: Long Term Care
Who do you
think will be your Long Term Care Partner?
Your Family, Medical Aid or your Insurance Broker.
Due to
aging you do face the risk of becoming weaker and more vulnerable to
impairments, illnesses and injuries; to losing your ability to function independently.
Long-term
care is different from traditional medical care, which tries to treat or cure
illnesses. Long-term care may help you maintain your lifestyle but usually
won't improve your medical condition. It helps with routine daily activities, such
as eating, getting around, bathing, continence, transferring and mobility. It
helps with instrumental daily activities such as the use of a telephone, food
preparation, housekeeping, transportation, handling of finances and writing. It can also help if you need supervision,
protection, or reminders to take medicines or perform other activities.
Long-term-care
insurance can help pay for the assistance you might need after retirement if
you become permanent impaired via an illness, disablement, an injury, disease
or surgical operation now or in the future. Income examples/voorbeelde
Talk to us
to design a policy that meets your changing needs from several insurers that
are highly rated for their financial strength, taking into consideration your specific needs and personal circumstances
- Income
needs by providing you with a monthly income that increases with inflation for
the rest of your life, should you suffer an impairment after retirement. The
monthly income will be calculated by the severity of the condition. Once a
claim is submitted after retirement you won’t be required to pay any further
premiums for the benefit.
- Life
expectancy. The longer you live, the more likely you will need long-term care.
Consider whether your family has a tendency for long life expectancy.
- Gender.
Women might need long-term care insurance more than men because they usually
live longer.
- Your
family situation. If you have a spouse, adult children, or other family members
who can care for you at home.
- Family
health history. You may have a greater need for long-term care if chronic or
debilitating health conditions run in your family.
- Long-term
care services can be provided at your own home or in a hospice, adult day care center, nursing home, or assisted living facility.
- Personal
care (sometimes called custodial care) helps you do routine activities. You can
get personal care in your home or in a skilled facility.
- Skilled
care is for medical conditions that require a medical professional, such as a
nurse or a therapist. It's usually provided in a nursing home or other care center.
- Long-term
care can be expensive. The cost is based on the amount and type of care you
need, where you receive it, and what type of medical professional provides it.
Unlike
premiums for life insurance that are based on how long you may live, long term
care are based on any illness, disablement, an injury, disease, surgical
operation or a combination of basic and
instrumental ADL’S (Activities of Daily Living - Catch-All) that caused your permanent impairment that
could require long term care but may not shorten your lifespan.
Note: The
amounts now or in the future and the type of payments depends on the type of
policy and through which insurer. No one policy is the same. For assistance
call us.