Providing our clients with the highest levels of professional insurance advice in the areas of MEDICARE, HEALTH INSURANCE and FINAL EXPENSE
You have worked hard all of your life caring for you and your loved ones. Don’t lose all that you have earned to chronic illness. Do yourself …and your kids a favor – Look into Long-term Care Insurance.
Like me, you see yourself living a long life. You have saved money, invested wisely and planned through your working years so that you can have a financially secure future to spend your retirement doing the things you have always wanted to do. However, the reality is that the longer you live, the greater the likelihood that you may require long term care. In fact, 70% of people who reach age 65 will require long term care services at some point in their lives.
While we are living longer, the incidence of chronic illnesses continue to rise. Conditions such as Alzheimer’s, dementia, stroke, etc. are affecting more and more people. Long term care insurance is triggered when a patient is diagnosed with a chronic disease or condition that will prevent two activities of daily living, such as bathing, dressing, eating, toileting, continence and transferring. In addition, long-term care insurance helps in situations of cognitive impairment where the individual needs supervision, protection or verbal reminders to perform everyday activities.
What is LTC Insurance?
The costs of long term care can derail even the most well-planned retirement budget and savings account. The 2011 Cost of Care survey found that in North Jersey, the cost of in-home care is close to $30,000 per year while the cost at a nursing home is $80,000 per year. The burden of you or a family member having to care for a loved one is an emotional and physical strain impacting not only the care giver but spouses and family members.
Incorporating Long term care insurance into your financial plan can help protect your assets, reduce the burden of care that would otherwise fall on family members, and enable you to receive care in the setting you most prefer, including your home.
Why Do I need LTC Insurance?
The current cost of care is expensive and has been growing faster than the CPI. As people take into consideration the current and future projected costs of care, and the impact to their families and finances, many find the risks simply too big to ignore. Long term care insurance helps provide protection against these risks
How Feder Insurance Can Help You?
LTC insurance policies are tailored to the individual specific needs of each insured. As agents certified to sell LTCI, Feder Insurance meets with each prospective client to present a variety of options to help you to select the coverage and benefits that best suit you. Our access to highly rated top insurance markets provides you with the security of selecting carriers who have a proven track record and will be there for you when a claim is made in the future.
We deal only with well known, top rated and financially secure insurance carriers. Our top markets include Genworth Life Insurance, John Hancock and Prudential. All carriers offer something unique from the others – our job is to understand your needs and help you to select the insurance company best suited for your situation.