Long Term Care Insurance
“We provide help at every step of the way – call us today!”
Your Source of Long-Term Care Insurance* in Topeka, Kansas
A long life can mean more time to enjoy the activities and people you love. When combined with good health, it can mean a more adventurous, busier life than generations before have experienced.
However, no matter how well you lived, there are always uncertainties in life. That’s why contingency plans are important. Setting up contingency plans to help cover multiple possibilities is the most loving thing you can do for your loved ones.
Long-term care is all about having help to do basic things, such as getting dressed, driving to appointments, or making meals. At GamePlan Financial, we can find ways to plan ahead to address several risks and find ways to help you benefit whether you end up needing help or not.
Long-Term Care Insurance Defined
Long-term care is the assistance people need when they can no longer perform their basic daily activities, such as eating, bathing, dressing, or taking medications. This type of insurance policy is designed to help you pay for assistance with these types of activities. Generally, Long-term care needs arise as part of the normal aging process but can also be due to injury or illness.
*Availability varies by carrier and state.
Who Needs Long-Term Care Insurance?
If you plan to live in your home for as long as possible, and you want to protect your retirement savings, you will greatly benefit from a long-term care insurance policy. Coverage for these types of health expenses can help control where you will receive care and helps protect your hard-earned retirement savings.
Why is Long-Term Care an Essential Component of Your Financial Plan?
Long-term care is not covered by traditional health insurance and can become a huge financial burden if you don’t plan ahead. Here are some reasons why you should consider adding long-term care to your financial plan.
You cannot count on the government or your health insurance to pay for your long-term cost.
Medicare will only cover the full cost of custodial care for a maximum of 20 days. Depending on your health condition, it can only pay for a maximum of 100 days. Beyond this, you are left on your own.
Medicaid is the only government support available, which only provides funding when you run out of cash. In most states, you are not allowed to have more than $2,000 in assets under your name. Furthermore, there are income and gifting limitations that apply and other considerations, depending on some factors such as family structure, age, and domicile.
You cannot afford to wait.
If you are an impatient type of person, waiting is not in your vocabulary. You want to act now while you are in good health as the cost of long-term care is highly dependent on your physical condition. Some people believe that buying an insurance policy later in life can help them save on premium costs. In reality, the longer you wait, the more expensive your premiums become, and the higher your risk of becoming uninsurable.
Reduce your risk of depleting your assets.
While some investors can afford to self-insure, transferring the risk to the insurance company and preserving assets for future generations is a stronger long-term investment strategy.
You save on taxes.
Several tax incentives are used by state and federal governments to encourage the purchase of long-term care insurance. Many states offer tax credits and deductions. You can consult with your tax advisor for additional information
You have the comfort of knowing you can get the best type of care.
Having a long-term care insurance policy makes it easy for you to access the best type of care, and it can help to give your loved ones peace of mind and the ability to focus on your well-being.
Protect Yourself and Your Family
Long-term care insurance policies come in all shapes and sizes. At GamePlan Financial, we can help you identify the right product for you. There are also ways to access long-term care protection with life insurance, also known as hybrid policies, which may better fit your needs than a stand-alone long-term care policy.
Why Choose GamePlan Financial
Benefit from our financial expertise. Here are some of the reasons why you should trust us for your long-term care insurance policy.
We offer investment advisory products and services that cater to your needs. Our investment advisors are among the most experienced in the market.
Approach to Investment Management
Our investment management services are guided by an established investment philosophy and process. We focus on helping you preserve and grow your wealth.
At GamePlan Financial, our client always comes first. We are in this business of serving others and making a positive impact on their lives. We have a passion for helping people and we enjoy building lifelong relationships with our clients by guiding them along their financial path.
Simplified Application Procedures
Our team is made up of professional insurance agents who can sit down with you to understand your preference and goals. We will provide you with simple, clear choices that meet your financial needs.
At GamePlan Financial, we take a personalized approach to help protect the individuals and families we serve. We focus on helping you improve your financial security, particularly as you enter and navigate retirement.
Service You Can Trust
We want to provide excellent service to every policyholder and make your life easier when it comes to your claims. We are an accredited business known for our financial strength.
Call Us Today!
If you are interested in creating holistic financial planning for you, we encourage you to give us a call to schedule a no-obligation, initial consultation with us. Call us today to learn more about our financial planning services.
GamePlan Financial proudly serves all families and individuals in Topeka, Kansas, and the surrounding areas