Long Term Care of KC

Why do you need long term care coverage? The most recent data available indicate on average individuals who needed long term care required assistance for an average of 1040 days or the equivalent of 2.8 years.

It’s important to keep in mind that most long-term care insurance policies have a waiting period built in, kind of like a deductible in other types of insurance. Typical lengths of time to wait for benefits to kick in are 60 or 90 days.

Did you know that there are often tax benefits when you purchase a long-term care insurance policy? Your payments are generally tax-deductible, and the income from the policy is non-taxable. There are qualifications and exceptions, so make sure to talk to your tax professional about your unique situation.

Does age 40 seem way too early to start paying for a long-term care insurance policy that you may not need to use until you’re well into your 60s or 70s? Let’s talk about your family medical history and whether an increased genetic risk of certain conditions could make it wise to purchase a policy sooner rather than later.

Today, the average adult woman in America has a life expectancy of roughly 81 years, while it’s roughly 76 years for men. This means women are more likely to outlive their spouses and require the benefits provided by long term care insurance.