About 70% of people over the age of 65 will require some type of long-term care service in their lifetime.* To prepare for the financial costs of these services, you should consider purchasing long-term care insurance, especially if you are at risk for becoming chronically ill and unable to perform 2 of 6 activities of daily living (i.e., eating, bathing, dressing, toileting, walking, and continence) without assistance/supervision. Our insurance policies will able to cover the cost of long-term care services on a daily basis, including:

 

• Home care

• Assisted living

• Adult day care

• Nursing homes

• Home modification

 

Some factors that affect the cost of this policy include:

 

• Age (the younger you are when you buy the insurance, the cheaper it will cost)

• Maximum amount that your policy will pay per day

• Maximum number of days that your policy will pay for

• Any optional benefits, such as inflation protection

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Keep in mind that with GPA Insurance Agency, you get to personalize your insurance policies to suit your needs and circumstances. As a brokering agency, we can compare prices from different companies for you at no cost. Need help deciding on the right amount of protection that fits in your budget? Get an online quote  now or  speak with a friendly agent to get started!

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Source

*Genworth 2014 Cost of Care Survey, conducted by CareScout®, 2014