Long Term Care insurance is perhaps the most important health care and asset protection coverage you can have. It basically covers costs associated with nursing home and home health care services.

As with most insurance plans the premiums are at their lowest when purchased when you’re younger and healthy. The purchase of Long Term Care insurance is a strategy that should begin sooner rather than later. It’s something to keep in mind whether you are middle-aged and in your maximum earning years or on the verge of retirement.

There are other benefits associated with this insurance plan:

1. They are self-directed, allowing the beneficiary to access funds on an as-needed basis. For example, they can be used to pay for a short stay at a nursing or rehabilitation facility while recovering from an illness or accident.
2. This insurance also gives peace of mind to children who are secure knowing that Mom and Dad will have resources to cover expensive nursing and home care.
3. In addition, those covered won’t have to exhaust their nest eggs to pay for care. Rather, they are able to leave their loved ones more of an inheritance.

The Bellinson Law Firm, based on its decades of experience, can refer you to the finest agents who can educate and provide the most comprehensive plans based on your budgets.