Long Term Care Insurance

Secure your Future with Long-Term Care Insurance

Harris Insurance is excited to offer new Long-Term Care Insurance to our growing portfolio of Life and Retirement Planning Services. Our Long-Term Care products, specifically, are designed to provide you with the financial protection and peace of mind you need over time. Our plans offer comprehensive coverage for a wide range of long-term care needs, including nursing home care, assisted living facilities, and in-home care services.

We all enjoy being in a familiar environment – such as our home and the community we live in, with the people we know and love. It should come as no surprise that when faced with the prospect of needing Long-Term Care, 80% of people say they’d prefer to receive home-based care.

What is Long-Term Care Insurance?

Designed to bridge the gap and cover costs health insurance won’t cover, Long-Term Care Insurance can cover the costs of care when you or a loved one has a chronic medical condition or are unable to care for themselves.

It may be hard to imagine now, but chances are you’ll need help taking care of yourself later in life or you’ll find yourself taking care of a loved one. The most important question to consider now is: How will you pay for it?

Why you need to have a plan:

Costs are expected to increase substantially in the next 20 years.

Consider a solution that fits your needs:

1. Life Insurance Policies with a Rider– Consider this option if you’re most concerned with leaving a legacy or providing for loved ones when you pass away, but would still like to have access to the death benefit yourself if care needs should arise; premiums are flexible and can be guaranteed with certain solutions.
2. Stand-Alone Long-Term Care Policy– If you already have Life Insurance established and desire Long-Term Care coverage with lower premiums, then a stand-alone Long-Term Care Policy might be right for you.

Life Insurance covers many needs, including family protection and legacy enhancement. If you have a life insurance need, the addition of a Long-Term Care Rider to your policy can help provide a source of funds to cover unexpected expenses. A life insurance purchase should be based on the life policy, not on optional riders or features.

Keep in mind that, as an acceleration of the death benefit, the rider payout will reduce both the death benefit and cash surrender value. Make sure life insurance needs will still be met, even if the rider pays out in full. Costs for Long-Term Care services vary by person, and there is no guarantee that the rider will cover all costs. Typically, Long-Term Care policies pay out to the policyowner. If the insured is not the policyowner, there is no guarantee that benefits will be used to pay for expenses related to Long-Term Care. Riders have additional charges associated with them. The cost of a rider may exceed the actual benefit paid under the rider.

Key Benefits of Long-Term Care Insurance:

1. Financial Protection: Long-term care can be expensive, and it is not always covered by health insurance or government programs. With our insurance policy, you can safeguard your savings and assets from being depleted by the high costs of long-term care services, including nursing homes, assisted living facilities, and in-home care.
2. Choice and Control: Our policies provide you with the flexibility to choose the type of care that suits your needs, whether it’s receiving care in your own home or in a facility. This empowers you to maintain your independence and make decisions about your care with confidence.
3. Customizable Coverage: We offer a range of policy options that can be tailored to your specific needs and budget. Our dedicated team of insurance professionals will work closely with you to understand your unique circumstances and recommend the best coverage options available.

Elect to receive up to 100% of your available monthly cash benefit 

Taking the first step towards securing your future is easy. Our Life and Retirement Specialist, Kellee Shick, is ready to assist you with any questions you may have about Long-Term Care Insurance, the application process, or policy details. Contact her by filling out the form below: