How can Unland Companies help protect what extended care can quickly deplete?

As you age, you have to think about who will take care of you if you can’t continue taking care of yourself. You don’t want to be a burden on your family, so you look at other options. The costs of home care assisted living, and nursing homes can pile up quickly. That’s why a long-term-care insurance policy might make sense for you. Unland Companies will help you shop the market and compare which policy is best for your particular situation.

How does Long Term Care Insurance work?

A long-term-care insurance policy pays for assistance with daily needs over an extended period of time. From the basics – bathing, dressing, fixing meals – to skilled care from therapists and nurses, this insurance policy protects hard-earned savings from being depleted. If you start claiming benefits, there is a cap to how much you receive daily, usually between $100 and $200. Should you need a higher level of benefits you would need to adjust your policy accordingly.

Who should obtain Long Term Care insurance? Is it something for me?

Your individual situation determines if a long-term-care insurance is best – age, health status, retirement goals, income and overall assets.

But basically it comes down to this question… can you afford the premium for the rest of your life?

If your only source of income is going to be Social Security or Supplemental Security Income, this plan probably isn’t for you. However, if you have a large amount of assets that you don’t want to use to pay extended care, you may want to consider it.

If you can’t work, Unland makes sure you can still pay the bills.

You think it will never happen to you, but the startling fact is that many of us face the risk of becoming disabled – whether temporarily or permanently – and not be able to perform our job. Sure, you might have a rainy day fund built up that will get you by for a while… maybe a few months or even a couple years… but what happens when that is gone?

How does Disability Insurance work?

Disability insurance helps replace a major portion of your paycheck should you not be able to work. It’s that little extra security knowing if something happened, you still will receive a monthly income. You can choose a short-term policy that offers immediate benefits payments and a lower premium, or you can go with a long-term disability plan that would not start distributing funds until you had been disabled for a few months.

Is Disability Insurance something I should have?

If you’re considering disability insurance, the best time to buy is sooner rather than later. A disabling injury can happen at any time, no matter how young or old you may be. Plus, premiums are based on your age at the time you buy, so waiting will likely cost you more. It makes perfect sense to get Disability Insurance as soon as possible, to avoid age-related cost increases.