subject: Insurance For Womens Long Term Care [print this page] Deal with it, gentlemen. Youre living in a womans world and apparently youre also leaving faster than the fair sex. Unfortunately, this does not call for a celebration, ladies. The fact that you live longer means you have to get in touch with an insurance agent to discuss long term care insurance for women.
Studies show that more women are at risk of Alzheimers disease and other serious health conditions that require long term care (LTC). That being the case, they have to look into a long term care insurance policy (LTCI) that will provide them full LTC coverage because if not, their resources will vanish in just a years time.
An ideal LTCI policy for women should cover in-home care and facility care. Some people instantly require nursing care upon qualifying for LTC but most individuals would normally start with home care and then they gradually move to an assisted living facility before getting admitted into a nursing home.
Old age will definitely change ones life and thus it can sometimes be depressing to think about an LTC plan. Its different when youre looking into buying a new home or a new car. For majority of the elderly population, buying an LTCI policy is synonymous with paving the road that leads to death.
That idea is absolutely remote from the real concept of LTCI. After all, this insurance product is not designed exclusively for the elderly. Anybody, regardless of age, who cannot perform the activities of daily living (ADL), namely eating, bathing, dressing, toileting, continence, and walking due to an injury or illness can benefit from an LTCI policy.
Individuals with a comprehensive LTCI policy can receive care in his choice of LTC setting and the insurer will pay his expenses up to his policys maximum benefit amount.
In spite of the fact that LTCI is designed for anybody who wants to spare himself from the continuously soaring cost of care, more weight is placed on long term care insurance for women these days. Whys that? Women are nurturers by nature and they cant cease providing care for their children, spouses and parents no matter what age they are in.
Unfortunately, not all women are capable of maintaining their needs as they look after her families. Their needs would oftentimes come last, but thats if they remember because theyre most likely to forget themselves when faced with the pains and needs of the ones that they love.
Once theyre done taking care of their spouses, parents and children, most of these women are left to take care of themselves. That should be okay if their resources are still intact. Unfortunately, this is rarely the case.
When a woman provides care for her family she does not only assist them physically but financially, as well. So when its her turn to receive care there is barely anything left in her nest egg. This is the reason every woman is encouraged to buy long term care insurance for women can never let go of their responsibilities to their families no matter how heavy these can get.
by: Finella Parks
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