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250 Parkway Drive Ste 150
Lincolnshire, IL 60069

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Arial Insurance Group Blog

Understanding Long Term Care Insurance

Since you are now healthy, it can be hard to imagine you need long-term care later in life. The big question is: how will you take care of these costs?

One way you can do this is by purchasing long-term care insurance from Arial Insurance Group in Chicago, IL. This coverage pays for ongoing care services not covered by your health insurance plan, like bathing, dressing, and getting out of bed.

Who needs long-term care insurance?

This policy is ideal for persons with disability, chronic diseases, or a condition like Alzheimer’s. This coverage covers the cost of care you receive at:

  • Your home
  • A nursing facility
  • An adult care center
  • An assisted living facility

The best time to buy long-term care insurance is in your 50s. Remember, you may not qualify for this policy if you have a pre-existing condition. Plus, most long-term care carriers won’t approve policies for individuals older than 75. So, instead of waiting for too long to buy long-term care coverage, buy it in your mid-50s or early 60s.

Why you need long-term care insurance

According to the U.S. Department of Health and Human Services, about 70% of persons aged 65 and above will need long-term care. Since typical health insurance doesn’t cover long-term care and Medicare only covers a portion of it, you need to invest in long-term care insurance.

Without this coverage, you will have to cater to the costs from your pocket. And even if low-income families can get help from Medicaid, by that time, you will have exhausted your lifetime savings.

The two prominent reasons to invest in long-term care insurance include:

  • To protect your savings
  • To access more choices of care

Contact Us Today

Need to purchase long-term care insurance in Chicago, IL? Please get in touch with Arial Insurance Group. We will offer you coverage that gives you peace of mind in your golden years.

Partner Carriers

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  • Aetna
  • Allstate
  • American Modern
  • American Strategic Insurance(ASI)
  • Assurant Flood Solutions
  • Berkshire Hathaway Guard
  • Capital Premium Financing
  • Chubb
  • Cigna
  • Dovetail
  • Foremost
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  • Humana
  • Kansas City Life Insurance Company
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  • Nationwide
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  • Openly
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  • RLI Surety
  • State Auto
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