What Needs to Happen for Long-Term Care Insurance to ‘Kick In?’
Long-term care insurance can be incredibly important for those who may have a need for any type of extended care. For chronic illnesses, a disability that’s the result of an accident, or for any other unforeseen circumstance, if a person doesn’t have proper insurance, it can cost them tens of thousands of dollars every year.
Long Term Care Insurance Premiums San Marcos CA – What Needs to Happen for Long-Term Care Insurance to ‘Kick In?’
When purchasing long-term care insurance, a common question many people have is what actually needs to take place, or happen, in order for the policy to ‘kick in.’ When an insurance policy ‘kicks in,’ it means it begins paying for the services the policyholder expects it to under the right conditions.
Two activities of daily living need to have been lost.
In order for long-term care insurance to begin paying out, an individual needs to have lost two activities of daily living. This basically includes bathing, eating, dressing, incontinence issues, mobility, or cognition.
If a person has trouble getting out of bed, that may not constitute a specific and documentable need for home care support. However, if that same individual simply cannot take a shower or bathe without assistance and has trouble getting dressed on their own, that could warrant long-term care support.
What happens if a person never needs long-term care?
This is a common question many people pose as a way to avoid even discussing the topic further. After all, if a person is spending money every month on premiums for their policy and it may not pay out in the end, they often consider that a loss. However, most people are required to carry auto insurance, but not collision coverage. Yet, at the same time, millions of Americans across the country carry collision insurance even though it’s not a requirement, either by law or by their lien holder because their car is paid outright.
So why would they do this?
What if they carry that policy and never get involved in an accident? The policy is never going to pay out, is it?
It’s best to hope that a person never really needs long-term care, but in the event they do, how are they going to pay for it?
Long-term care insurance is designed to help provide people some comfort in the event they reach a point in their life when they can no longer take care of themselves in a safe and healthy manner. With the cost of long-term care continually increasing each and every year, this becomes instrumental at providing comfort, safety, and security for those who may, one day, need this level of support.
If you or a loved-one are considering Long-Term Care Insurance Premiums in San Marcos CA, please contact Steve Elliott at Capstone Insurance for an honest discussion about your future and your options. Call today (858) 350-3161.
I work with all the major insurance companies and my objective is to help my clients determine if long term care protection makes sense for them and if so, to help them shop the market to find the best company at the best rate
I specialize in Traditional Long Term Care Insurance as well as Hybrid Long Term Care Plans which are either a combination of Life Insurance and Long Term Care or an Annuity Plan with Long Term Care
I’ve been specializing exclusively in Long-Term Care Insurance Planning for over 21 years.
Steve was recognized as a 2003 Long Term Care Expert of the Year at The National Long Term Care Producers Summit
2006 was awarded Senior Market Advisor of the Year Finalist by Senior Market Advisor Magazine
National Speaker for Numerous Industry Meetings
Awarded Nations Top 10 Agent 8 times by the American Association of Long Term Care Insurance
Author of numerous published articles on long term care planning
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