(908) 419-5170
info@incomeresourcegroup.com
Life’s unpredictable but your protection doesn’t have to be. Let’s find coverage that gives you peace of mind.
Long Term Care

Planning Ahead with Long-Term Care Insurance from Income Resource Group

It’s not easy to think about needing help down the road, but the truth is, many of us will. Whether it’s in-home care, assisted living, or nursing support, long-term care can bring peace of mind and dignity when it matters most. The big question is how you’ll manage the cost. At Income Resource Group, we’re here to help you plan now, so you’re ready later. We’ll walk you through your options, explain what’s covered, and help you choose a plan that protects both your health and your savings.

One of the smartest ways to prepare for the future is by considering long-term care insurance. Unlike regular health insurance, long-term care helps cover services that support you with everyday activities. Things like bathing, dressing, eating, or simply getting out of bed.

This kind of care becomes essential if you’re living with a chronic illness, disability, or a condition such as Alzheimer’s. A long-term care insurance policy helps ease the financial burden by covering the cost of that care, so your focus can stay on comfort and quality of life.

Most plans will reimburse care provided in settings that work best for you, including:

  • Your own home
  • A nursing home
  • An assisted living facility
  • An adult day care center

At Income Resource Group, we’re here to help you explore your options and build a plan that brings peace of mind for you and your loved ones.

When it comes to long-term care insurance, you have options and it’s worth understanding how each one works.

Traditional long-term care insurance is a straightforward, standalone policy. Its sole purpose is to help cover the cost of long-term care services when you need them, nothing fancy, just dependable coverage. These benefits typically begin when you're unable to perform at least two out of six daily activities on your own, such as bathing, dressing, or eating, or if you're diagnosed with a serious cognitive condition. After a short waiting period (usually 30 to 90 days), your policy starts paying out.

Another route is a hybrid policy, which combines life insurance with long-term care coverage. This type of plan gives you more flexibility: you can tap into the life insurance benefit while you're still living to help cover long-term care expenses. If you never end up needing long-term care, your loved ones still receive the full death benefit. It’s a way to make sure your money is working for you no matter what the future holds.

Plus, hybrid policies often come with noncancellable rates, which means your premiums are locked in for life, no surprises down the road.

According to a study by the Urban Institute and the U.S. Department of Health & Human Services, nearly half of today’s 65-year-olds will need some form of long-term care in their lifetime. While many will need care for less than two years, about 1 in 7 will require assistance for five years or more.

The challenge? Regular health insurance and Medicare simply don’t cover the kind of support most people need. Medicare only helps with short-term skilled nursing or rehab, not everyday help like bathing, dressing, or supervision. That means custodial care the type most commonly needed, isn’t covered.

Without long-term care insurance, the cost of care can quickly add up. Medicaid may step in, but only after you’ve spent down most of your savings. For many, that means trading years of hard-earned security for basic care needs.

That’s where long-term care insurance comes in. It helps protect the savings you’ve built and gives you the freedom to choose the care that’s right for you—without putting that burden on your spouse or children. You’ll have peace of mind knowing you’re prepared, no matter what the future holds.

Have questions? Want to explore the best policy options? Let’s talk! We’re here to help.

Already Have Long-Term Care Insurance? We’ll Help You Make the Switch, Stress-Free

If your current long-term care insurance no longer fits your needs, whether it’s due to poor service, unexpected rate hikes, or claim frustrations, it might be time to explore better options. You deserve coverage that works for you, not against you.

But before making any changes, it’s important to be careful. Cancelling your existing policy without having a new one in place can leave you uncovered and that can lead to big financial risks.

That’s where we come in. At Income Resource Group, we’ll guide you through your options, help you compare policies, and make sure your new coverage is ready before anything changes. Switching doesn’t have to be complicated, we make it simple, secure, and tailored to you.

Reach out today. We’re here to help you find a plan that truly gives you peace of mind.

Feel Free Contact Us Now

Thanks! , you can now fill the form!