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Insurance Annuities Investments Retirement Plans Disclosures
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Long Term Care Insurance


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What is Long Term Care (LTC)? LTC is the day-in, day-out assistance you may need when you have a series illness or disability that lasts for a period of time and you are not totally able to care for yourself. It is a continuum of care either through the home or community-based, or via nursing home care. As you can imagine, LTC is very costly.

Individuals purchase LTC insurance to pay for these expenses along with Medicare or Medicare supplements. Without LTC insurance, the expenses will have to be paid with your own personal savings and retirement benefits.

There are six reason why people usually buy long term care insurance:

  • Independence
  • Helps protect your family
  • Provides you with choices
  • Helps protect your retirement savings and family assets
  • Peace of mind
  • Favorable tax treatment.

In addition, there may be some favorable tax benefits to LTC insurance for the individual, the claimant as well as a company who pays for a plan as a benefit to employees. Contact your Lincoln Financial Advisors Representative to design a LTC insurance plan for you.

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