Long Term Care Insurance
What is Long Term Care Insurance?
Long term care insurance protects people against the significant financial risk posed by the potential need for long-term care services, either in a nursing home or in your own home. Depending on the type of Long term care a person may have policies can cover all types of care including home-delivered meals, visiting nurses, friendly visitor programs, adult daycare centers, home health aides, chore services, and even respite services that give breaks to primary caregivers.
What are the Types of Long Term Care Insurance Policies?
Mutual of Alabama Insurance offers many types of long term care policies. The most commonly purchased long term care policies are “indemnity" or "expense incurred" policies. An indemnity or "per diem" policy pays up to a fixed benefit amount regardless of what you spend. With an expense-incurred policy, you choose the benefit amount when you buy the policy and you are reimbursed for actual expenses for services received up to a fixed dollar amount per day, week, or month.
Contact Mutual of Alabama to schedule your insurance and annuities consultation today.
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