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Long-Term Care

“I believe the second half of one’s life is meant to be better than the first half. The first half is finding out how you do it. And the second half is enjoying it.” ~Frances Lear

The reality that your retirement savings may not fully cover the cost of your senior years is a hard pill to swallow. Though it may cover day-to-day expenses, many people need additional help when the time comes to pay for nursing home care, assisted living, home health, and hospice care.

One of the main benefits of Long-Term Care is to give yourself security and independence when most needed. Relying solely on Medicare and savings can limit your options when it comes to nursing homes and in-home care.

Long-Term Care insurance can help alleviate the stress of having to rely on family for care at home. For most policies, once you reach the point of needing assistance with two out of six daily activities (taking a bath or getting dressed) and you have reached the elimination period, your daily health care expenses will begin to be covered. Usually, a typical elimination period is 90 days, depending on the policy.

When considering Long-Term Care Insurance, it makes sense to evaluate your potential need for care, and the cost of that care, should you choose not to buy the insurance now. Also, remember that you buy insurance with good health, and as you age it might become more difficult or more expensive to qualify.

The premium for Long Term Care differs from company to company. We believe it is important to your financial security to review your Long-Term Care Insurance options with your advisor.



Investment advice offered through Strauss Financial Group, Inc., a Registered Investment Advisor.

These materials, opinions, analyses and information are provided for general informational purposes only based upon sources believed to be reliable and in good faith—but are not considered all-inclusive, and no representation or warranty of any kind, expressed or implied, is made concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we undertake no obligation to update such opinions, analysis or information, and no warranty or guarantee is made. The information in these materials may change at any time and without notice. Neither the information nor any opinion expressed herein constitutes a solicitation for the purchase or sale of any securities, and should not be relied on as financial advice. Please consult your attorney and/or accountant regarding legal and tax issues. Past performance is no guarantee of future results. All investing involves risk, including the potential loss of principal, and there can be no guarantee that any investing strategy will be successful.

Prices, quotes, rates and yields are subject to change without notice. Not FDIC Insured, Not Bank Guaranteed, and May Lose Value.


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