A Long Term Care policy is protection of one's assets being exhausted for extended or permanent care while in a Nursing Home or Assisted Living facility. Considered by some to be unnecessary or premature coverage, it is a type of insurance that is becoming increasingly important and popular.

Similar to Life Insurance, it is best to obtain a policy early in life because the premium is far lower while you are younger and don't need it than when you are older and the need is more imminent. The net accumulated expense is lower if purchased at age 25 than should you wait until age 45 or 50 to recognize the value.

Generalities:

• Premiums are based on age, gender, geographical location and health history.
• Benefit periods and elimination periods can vary and are established at time of application.
• Components of coverage and contract provisions vary by carriers.

• Call Lisa Rogers at 303-357-2605 to set up an appointment.
• The application/completion process usually takes approximately 40 minutes.
• Once the application is submitted, some applicants will be asked to have a Paramed Exam when over age 35.
• An underwriting decision will be forthcoming