Americans are living longer, an average
of about 20 to 30 years after retirement. Many family members
are wondering how they will continue to support their loved
ones. Consider that 48.6 % of people 65 and older spend time
in a nursing home, and that 71.8 % of those over 65 use some
form of home health care. 40% of those using long-term care
are between 18 and 64 years old. Half of us will need some
type of custodial care during our lifetime, yet less than
12% of us have made the proper provisions. The national average
nursing home cost is $55,000 per year, and the average length
of stay is approximately 3 years. Long-term Care insurance
can help protect your assets from the rising cost of care,
allowing you and your family to remain financially and socially
independent. Golden Gates Agency offers federally tax qualified
long-term care plans. All plans have several options for inflation
protection, a variety of elimination and benefit periods,
and are guaranteed renewable. Discounts are available when
partners or family members are covered. Built in features
include: home care, international coverage, waiver of premium
and bed hold benefits. Optional benefits may include shared
care and return of premium.
Custom Care:
Provides the utmost in comprehensive long-term care
coverage. With a rich range of benefits and unmatched features,
this policy focuses on the reality of long-term care: that
it’s a personal issue that affects the entire family.
With enhanced home care protection, as well as traditional
coverage in assisted living facilities or nursing homes, Custom
Care gives you the support you need to stay at home. It simplifies
the decision making process by offering built-in benefits
that are key to comprehensive care, and it makes it easy for
you to elect the precise combination of long-term care benefits
that are right for you
Leading Edge:
An innovative LTC policy built for
simplicity and affordability without sacrificing coverage.
Leading Edge gives you coverage in a variety of settings:
at home, in your community, in an assisted living facility,
or in a nursing home. The automatic compound inflation option
is linked to the Consumer Price Index (CPI) which is strongly
related to the drivers of long-term care costs. Total homemaker
services include housekeeping, laundry, meal preparation,
bill paying and supervision while taking medication. Leading
Edge provides substantial protection that emphasizes two fundamental
principals: essential coverage and consumer value.
