List of Contents:
- About This Insurance
- Simple Assessment form
- Benefits
- Conditions
- Coverage
- Premium Rate
- Real-Case Examples
- FAQ
About This Insurance
Long-term care insurance is a type of financial protection that helps you and your family reduce the financial burden in the event of chronic illnesses or conditions that cause a loss of independence. This insurance becomes especially important during retirement, when you may require specialized and ongoing care.
Simple Assessment form
To choose the best and most suitable insurance and to receive an accurate quote, please complete the form below.
***Why is it important to provide accurate personal information in the insurance form? ***
Benefits
- Receive a monthly pension without the need to provide receipts or expense verification
- Tax-free payments
- Flexibility to use the insurance amount for any type of care you choose
- Peace of mind for families and reduced financial stress in critical situations
- Coverage for care services, even at home
Conditions
- It is recommended that individuals in their 40s or 50s consider this insurance as part of their retirement planning.
- Benefits and services become available if the individual is unable to independently perform at least 2 of the 6 basic daily activities, which include eating, dressing, mobility, bathing, using the toilet, and continence (control of mental faculties and bladder/bowel functions).
Coverage
When it is determined that you have lost the ability to live independently, this insurance covers the following costs:
- Specialized medical services
- Home care or respite care
- Living in a nursing home or specialized care facilities
- Adult day care centers
Premium Rate
The amount of the premium depends on:
- Your age at the time of purchasing the insurance
- Your current health condition
- The insurance provider
Real-Case Examples
FAQ
How is Long-term care insurance paid out?
Long-term insurance pays a tax-free monthly benefit that can be used to pay for any type of service that you choose. There’s no need to submit receipts or wait for approval.
Choosing the best plan depends on personal needs, physical condition, financial budget, and retirement planning. Naturally, the earlier you secure long-term care insurance, the lower the cost will be. For a more confident choice, contact our advisors so they can recommend the most suitable option based on your situation.
