Long Term Care

Long-term care insurance is a vital safeguard against the financial devastation of unexpected health challenges. Statistics show 70% of people over 65 will require long-term care at some point in their lives. In Oregon, the average cost of nursing home care exceeds $100,000 per year, a financial burden few can bear indefinitely. While the optimal age to purchase long-term care insurance varies depending on individual circumstances, it generally becomes more advantageous and affordable in your 50s and 60s. Protecting your assets and ensuring your quality of life in your later years is crucial, and long-term care insurance provides the peace of mind that you and your loved ones deserve.

Many life insurance policies now offer long-term care riders or benefits. This innovative approach allows you to seamlessly integrate long-term care coverage into your existing life insurance policy. By adding a long-term care rider, you can access a portion of your death benefit to cover long-term care expenses while still maintaining the death benefit for your beneficiaries. This integrated solution offers flexibility and convenience, making it easier to secure the long-term care coverage you need while optimizing your overall financial plan.