Digital Access

Digital Access
Access mysuburbanlife.com from all your digital devices and receive breaking news and updates from around the area.

Print Edition

Print Edition
Subscribe now to the print edition of Suburban Life.

Text Alerts

Text Alerts
Get text messages on your mobile phone or PDA with news, weather and more from mySuburbanLife.com.

Email Newsletters

Email Newsletters
Our My Suburban Life Daily Update will send you all of the news you need to keep up with the pace of news in DuPage and Cook County.
Local Business

Is Long-Term Care Insurance Right for You?

SPONSORED

Nobody knows if and when they’ll become too ill to care for themselves, or if they will have enough assets to adequately cover support services that may be needed.  For many people, the solution is long-term care insurance.   But, like all insurance, the best time to purchase long-term care insurance is years before it is ever needed.

Long-term care insurance policies come in many forms, with a variety of plans at many price points to cover differing levels of care.  They typically reimburse policyholders a daily amount (up to a pre-selected limit) for costs of daily assistance, either at home or at a care facility.  For example, a comprehensive policy will often reimburse the insured for daily costs associated with skilled nursing care; occupational, speech, physical and rehabilitation therapy; help with bathing, dressing and food preparation; assisted living facilities; nursing homes and hospice care.  Although many people associate long-term care only with the elderly, the need for care can be due to a terminal or short term condition, disability, illness, or injury at any age.

By planning ahead you can research, select, and purchase a long-term care insurance policy that fits your budget and anticipated needs.  Premiums are generally lower if you purchase a policy when you are younger (such as in your mid-50s) and in good health.  And it is important that you shop around as premium amounts can vary even when there is similar coverage.

The attorneys at Downers Grove-based Lyons Law Group, LLC frequently recommend that their client’s explore long-term care insurance with their trusted insurance advisors as part of their overall retirement and estate planning strategy.  “By taking action now, you can help alleviate the stress that your family and loved ones may otherwise feel if you need long-term help,” says Attorney Jason C. Tunquist of Lyons Law Group. “And, although there are no guarantees, LTC Insurance can help ensure that assets will remain in your estate, after your death, for your friends and family.”

For more information about long-term care insurance, and how it can be an important aspect of your retirement and estate planning strategy, please contact:

 

Jason Tunquist, Attorney

Lyons Law Group, LLC

5333 Main Street, Downers Grove, IL 60515

(630) 852-2529

www.KLLAWFIRM.com