Long Term Care
Long-term care (LTC) insurance provides for a person’s care in cases of chronic illness or disability, or when a loved one cannot independently manage the essential activities of daily living. However, disabilities are not confined to these physical situations; they can be mental as well. The key element is that they limit the individual’s ability to perform the essential functions of daily living.
As of 2003, at least 6.4 million people aged 65 and over require LTC; one in two people over the age of 85 require this kind of care now, and at least half of the population who are over the age of 85 will need help with the activities of daily living in the future. Although the elderly rely on LTC most frequently, younger persons who have chronic illnesses, severe disabilities, or have experienced a serious injury may also benefit from having LTC insurance.
Gundermann & Gundermann has a full complement of experts in LTC coverage, who will be happy to advise you on the best way to protect yourself and your family from the result of long term health issues.