Long Term Care Insurance

 Long-term care insurance is a specialized type of insurance that helps cover the cost of extended care services when you can no longer manage everyday activities on your own. These activities—known as Activities of Daily Living (ADLs)—include bathing, dressing, eating, toileting, and mobility. Long-term care insurance helps pay for services provided in your home, assisted living facilities, adult day care, or nursing homes.

Unlike health insurance or Medicare, long-term care insurance is specifically designed to help with the cost of personal and custodial care, which becomes more likely as we age or if we face chronic illnesses, cognitive decline, or physical limitations.

There are several types of long-term care insurance to choose from:

• Traditional Long-Term Care Insurance: Standalone policies that offer comprehensive benefits for home care, assisted living, or nursing home care. You pay an annual premium and activate your benefits when care is needed.
   
• Hybrid Long-Term Care Insurance: A combination of life insurance or an annuity with long-term care benefits. If you don’t use the long-term care benefit, your beneficiary may still receive a death benefit.
   
• Group Long-Term Care Plans: Offered through employers or associations. These may offer simplified underwriting and discounted group rates.
   

Each type has its own structure and benefits. At Fortunium Insurance, we help you compare the top long-term care insurance options so you can choose the one that best fits your age, health, and financial goals.

When a policyholder can no longer perform two or more ADLs or is diagnosed with cognitive impairment (such as Alzheimer’s or dementia), they become eligible to activate their policy. After a brief elimination period (waiting period), the insurance company begins to pay for qualified care services, up to the daily or monthly benefit limit.

The policy can be used to pay for:

• Home health care
• Adult day care
• Assisted living
• Memory care
• Skilled nursing facility care

Long-term care insurance gives you the freedom to choose where and how you receive care without becoming a financial burden to your family.

The best time to buy long-term care insurance is typically between ages 45 and 60, when you’re more likely to be in good health and eligible for better rates. Waiting too long can result in higher premiums or denial due to health issues. The earlier you apply, the more affordable and flexible your options will be.

The cost of long-term care can quickly deplete savings and retirement income. Having a long-term care insurance policy in place gives you peace of mind knowing your future needs are protected. It helps:

• Preserve your savings
• Avoid placing financial pressure on family
• Give you control over the type and location of care
• Protect your estate and retirement plans

No one wants to be unprepared when care is needed. Planning ahead ensures you're not forced to make emotional or rushed decisions during a crisis.

At Fortunium Insurance, we specialize in helping individuals and families understand and secure the right long-term care insurance plan. Our experienced team works with top-rated insurance carriers to compare quotes, explain benefits, and help you choose a policy that fits your budget and care preferences.

We break down complex information into clear, actionable steps and guide you through the application, underwriting, and approval process. Whether you’re planning for yourself, a spouse, or a parent, we provide personalized support every step of the way.

Long-term care planning is one of the most important financial decisions you can make for your future. The earlier you prepare, the more choices and savings you’ll have. Contact Fortunium Insurance today at 813-302-1361 to speak with an advisor and learn how we can help you plan for tomorrow—starting today.