Long term care planning is often thought of as something that must be done before a person ever needs care. But what happens if you or a loved one is already in a nursing home or receiving care at home? Many people assume it’s too late to secure coverage. The good news is that options are still available.
At Long Term Care Link, we help individuals who are already in care find guaranteed long term care coverage options that provide financial protection and peace of mind.
Guaranteed Long Term Care Coverage Options
Even if you are currently in a nursing home or receiving care, you may still qualify for financial protection through specialized long term care products. These options provide a way to maximize your savings and extend your care coverage without depleting your assets too quickly.
Annuities with Long Term Care Benefits
One of the most effective strategies for individuals already receiving care is an annuity with a long term care rider. These products allow you to convert a lump sum into guaranteed benefits that can help pay for ongoing care expenses.
- Guaranteed Acceptance: No medical underwriting or health requirements.
- Increased Payouts: Many policies provide 125% or more of your initial investment.
- Preserve Your Savings: Instead of depleting your retirement accounts, you can use these funds to enhance your care coverage.
For example, if you invest $100,000 into an annuity with a long-term care rider, you could receive $125,000 or more in long-term care benefits—a 25% increase in value.
Why This Matters for Your Financial Future
Traditional long-term care insurance often requires medical approval, making it difficult to obtain once care is needed. Annuities with long term care benefits eliminate this barrier, providing a practical solution for those who may not have planned ahead.
This strategy ensures that your care needs are met without putting unnecessary financial strain on your family. Instead of a dollar-for-dollar spend-down of your savings, you can leverage a smarter, more strategic approach to funding your care.
Is This the Right Option for You?
If you or a loved one is already receiving long-term care, it’s not too late to secure financial protection. At The Long Term Care Link, we specialize in helping individuals find the right coverage—even when they are already in care.
Take the next step today. Contact us to learn more about your options and how we can help you protect your financial future while ensuring continued quality care.
