Southwest Guardian Insurance Agency

 Long Term Care or Short Term Care

Long Term Care comes into play when you need assistance with two out of the six activities for daily living (ADL's). 
These are as follows:  1. Bathing or Showering  2. Personal Hygiene or grooming   3. Dressing  4. Toilet Hygiene  5. Transferring or functional mobility  6. Self feeding

Most people want to have this care provided in their homes for as long as possible, before using a skilled care facility.   Sometime they have family that comes and takes care of them, which puts a severe strain or caregiver and their family.

By a large margin the majority of caregivers is female.  Most of these women are working, and have to take time away from work and their family to provide the care giving services.  It is a labor of love, but it places a burden financially and emotionally on them and their families.   With Long Term Care insurance in place there is options,  The family caregiver can get paid for their services, or even an outside care giving service can be hired which will remove some of the stress on the family and allow their visits to be more enjoyable. 

The amount of monthly coverage needed is the amount to fill in the gap between your retirement income and the cost of care that you will need.   This is different for every situation so meeting and talking over options is very important.

Questions and Answers:

1. I did not qualify for Long Term Care because of health issues in the past is there a way to get some coverage?   Some companies have changed their underwriting and are accepting people that  they would not have covered in the past.   There are also other options that provide money to cover care costs that were not available a few years ago.   

There are a variety of plans available. A majority of these policies are bought before you start to have health issues, as it costs more and the number of policies and carriers shrink as heath issues grow. 

2. My parent are growing older, but my career has taken off and I would not be able to take a leave of absence without it causing severe damage and hardship to my family and kids what can I do?  This is an excellent reason to talk to you parents and other siblings to get a Long term Care plan in place, it may be possible to share the cost of the premium, if your parents can not afford it.  It would also save them from selling assets that they were planning on passing down.  It will give you peace of mind knowing that there are funds available to pay for a care giver , so you can continue to grow and excel in business.

The next step is to go to the Contact Form, then we can meet and discuss your needs, and I bring some solutions that will met those needs.   Thank you for taking the next step and I look forward to being your advocate.