How to help cover the cost of taking care of yourself when you no longer can.
You’re doing the hard work of saving so you can live the life you want in retirement. Long-term care coverage is the next step in helping you keep that lifestyle.
You may not realize that 70 percent of people age 65 and older will need some kind of help with everyday activities—like getting dressed or going to the doctor.1 Health insurance generally doesn’t cover this type of care and almost half of people who need long-term care spend over $107,000.2
It’s good to consider purchasing long-term care insurance while you’re still healthy, because you might not qualify for it later on if your health changes.
If you’re looking solely for long-term care coverage—something that covers in-home and facility care, or care by certified family members—this may be the best way to go. You’ll get the most comprehensive coverage for your money, and we’ll design a policy to include the type of care you want. People who choose this usually have their life insurance and retirement income needs covered.
This is our most versatile long-term care solution because it gives you long-term care coverage if you need it, life insurance if you don’t, or a little of both. You pay for a defined period of time, and it offers a money-back guarantee. Because your payments are being used to fund a few different benefits, you’ll get less long-term care coverage for your dollar than traditional long-term care insurance.
Learn more about the cost of care in your area. Use this tool to understand how a long-term care event might affect you.
It’s always useful to learn a little more. Take a look at these helpful links.
Nexus Financial Services Services Group is a Community First Financial company. We are dedicated to providing comprehensive insurance and wealth management solutions to protect what matters most to you and the communities in which you live. With over 20 years of experience, our team of insurance experts understands the unique needs of individuals, families, and businesses – The community. We offer a range of insurance options, including life, health, property, and casualty insurance, to ensure that you have the coverage you need to safeguard your financial security and peace of mind.
Our commitment to our policyholders is reflected in our personalized approach to insurance. We work closely with our clients to understand their individual needs and provide tailored insurance solutions that meet those needs. Our team is here to answer any questions and provide guidance and support throughout the insurance process.
Our policy owners are our top priority, that’s why we publish an annual performance report to keep them informed on all things New York Life. And 2023 will be our 169th consecutive year of paying dividends to our eligible Whole Life policy owners.
Nexus is dedicated to providing the best in class service to our clients. Let us show you how we can support your success
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