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Martinez & Associates

Independent Insurance Agents

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Home > Long Term Care Insurance

Long Term Care Insurance

An insurance policy that would provide coverage upon you needing assistance with the activities of daily life like eating, dressing, bathing, continence, Alzheimer or dementia with options of home-based care or community care.

While most folks despise the thought of aging, this is the hardest decision folks have while they are young and pre-retirement ages.

There are over 10,000 Boomers aging into Medicare daily in the United States and this will continue for the next 10-15 years. Most folks believe that Medicare will cover this very expensive cost, however, that is not true. Medicare covers Hospital (admissions), Medical (doctors’ visits, outpatient surgeries, oxygen, etc.) and Prescription Medicines.

The cost for LTC varies and it can be the most expensive care during the last 5 years of our lives. The median annual cost varies from $42,000 to $87,000, depending on the type of care and where you live, according to recent research performed by Genworth Life Insurance Company.

Knowing that 1 out of 2 people will have some type of Long Term Care event in their lifetime and 70% of folks over 65 will need it, makes folks question where will their nest egg end up?

There are many ways to prepare for those life changing events.You can make 1 single payment and your policy is paid up. When you need the benefits it pays you. If you change your mind later down the line, it offers a full refund of all the premiums paid. In an untimely death, it pays your beneficiaries the benefit that you purchased.

Let’s talk and discuss your options.

About Tulie Martinez

In practice since 2004 as an Independent Insurance Agent, with a passion for helping folks utilizing insurance programs, I evaluates your present situation and help you understand your individual Read More

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1650 Margaret Street, Suite 302-107, Jacksonville, Florida 32204