Terri Gilmoure

What's your idea of financial security?

 
 
Terri Gilmoure
815-942-9266
Morris, IL
 
Tuesday, July 29, 2014

The Facts About Long Term Care Insurance

Planning for long term care is not something to put off. If someone in your family ever needs long term care services, it will be important to have a solution in place to help keep your financial security plan on track.

Facts you need to know:

  • About 70 percent of people over age 65 will require some type of long term care during their lifetime.1
  • More than 40 percent will need care in a nursing home.1
  • The average cost for a semi-private room in a nursing home in 2010 was $205/day1, and long term care costs increase every year.2
  • Medicare and major medical policies typically do not cover long term care expenses.

Long term care insurance from COUNTRY Life can help safeguard your future financial security.

It not only covers nursing home costs, but it can provide coverage for home and community care as well. And if you’re married, you and your spouse can even select a Shared Policy (not available in AZ).

To help simplify the selection process, you can choose from one of three packages – Gold, Silver, or Bronze. 

And you have a fourth option to build your own custom package.

COUNTRY also offers a long term care partnership policy3 to help you further protect your financial security.

With a partnership policy, you’re allowed to safeguard a portion of your assets above the amounts usually allowed by Medicaid.

Put the experience and financial strength of COUNTRY to work for you.

As your local financial representative, I’ll provide personal service and professional expertise to help you achieve financial security, no matter where you’re starting from.

Start planning today. 

Give me a call – I’ll work with you to review your options and help you create a plan that meets your family’s goals.

Long term care insurance policies issued by COUNTRY Life Insurance Company®, Bloomington, IL.

1U.S. Dept of Health and Human Services, http://www.longtermcare.gov External Link, accessed 10/1/2012

2
Consumer Price Index Detailed Report, 2012, http://www.bls.gov/cpi/cpi_dr.htm External Link, accessed 10/1/2012

3Not available in all states

Policies referred to are Comprehensive LTC-500, Facility Only LTC-520, and Shared Benefit LTC-540. In Idaho, LTC-500(ID12/03), LTC-520(ID12/03), and LTC-540(ID12/03). LTC-520 is not available in Oregon. In Georgia and Wisconsin, LTC-520 is titled Tax Qualified Nursing Home Insurance Policy.

This information provides a brief description of the Tax Qualified Long Term Care insurance policies available from COUNTRY Life Insurance Company and is not a statement of contract. Long Term Care insurance is not Medicare Supplement insurance. If issued, the policy will set forth the rights and obligations of you and the issuing company. For cost and further details of the coverage, including exclusions, reductions or limitations, and the terms under which the policies may be continued in force, see your financial representative, refer to the Outline of Coverage, or write COUNTRY Life Insurance Company. “A Shopper’s Guide to Long Term Care Insurance” is also available from your financial representative or the state insurance department. In Wisconsin, the guide is called “Guide to Long Term Care.”

If you would like more information on long term care insurance from your state's senior insurance counseling program, see your financial representative for the program's contact information.

This is a solicitation of insurance, and a COUNTRY Financial representative may contact you. COUNTRY Financial representatives are licensed insurance producers.

In Oregon, the term "spouse" includes registered domestic partners.

LTC REPWS1 (10/12)