Purchasing a Long Term Care Insurance Policy in Texas

by | Apr 18, 2017 | Insurance

Most people wait until the reach mid-life before they begin to worry about financial concerns like life insurance or what will happen if they become too ill to take care of themselves. Unfortunately, it is not uncommon for an illness or an injury to occur much sooner than anyone expects. No one is immune to health problems and even the most cautious individual could suddenly face a life-altering disability. The problem is no longer about leaving their children an inheritance after they pass or having the cash to pay for at-home care as opposed to living in a nursing home. It could mean the loss of a dream home, losing college accounts or filing bankruptcy. Even people without children or spouses must consider what would happen if they became disabled. Would the cost of their care bankrupt their siblings or parents if they were unable to meet their own needs?

A long term care insurance policy in Texas is designed to avoid potentially disastrous results if someone becomes unable to care for themselves. It is not an end-of-life insurance policy but additional funds to help assist with lengthy hospital stays, the expense of physical therapy or to help make a home accessible to someone with special needs.

Purchasing a long term care policy cannot wait until it is needed. In order to qualify people must be in good health. Younger individuals will receive more affordable rates and will avoid the risk of being refused coverage as some older applicants experience. A Long Term Care Insurance Policy in Texas will not replace life insurance, health insurance or a supplemental policy purchased when on Medicare. It is an additional safety net that pays medical expenses when the limits of these others policies are met.

Protecting the financial well-being of a family means planning for all worst-case scenarios. A long-term policy is one of the easiest methods of accomplishing this. It takes only a few minutes to discuss the options with an agent and design a policy that will provide exceptional protection if something unexpected occurs. Contact MyersYounger LTC to learn more about long term care plans and how they protect policyholders and their loved ones.

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