LifeSecure
About LifeSecure
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LifeSecure Insurance Company is dedicated to providing long-term care solutions that protect families and their assets. We make long-term care insurance flexible, simple and affordable.
What is long-term care?
Long-term care encompasses the services to assist people who cannot perform essential daily activities on their own; things like eating, dressing, and using the bathroom. The need for such assistance is usually due to a chronic illness or degenerative condition.
Long-term care can be provided in a variety of places, whether at home or at an assisted living facility, a nursing home or other setting. It consists mostly of "custodial care," or assistance with daily activities, rather than medical care that would be covered by your health plan.
Who needs it?
It's estimated that more than 60 percent of people 65 and older will need long-term care during their lives — either at home or in a facility.1 The cost of long-term care can range from an average median rate of $19 per hour for a home health aide to $107 per day in an assisted living facility and $213 per day in a nursing home.2
Programs like Medicare pay for little or no long-term care expenses, and you must be impoverished to qualify for Medicaid coverage. Without a plan, potential long-term care expenses can become a significant out-of-pocket responsibility.
Need more information?
For more details about the LifeSecure's long-term care insurance, or to receive an instant quote, visit LifeSecure's website.
Sources: 1 Long-Term Care Financing: Policy Options for the Future, Georgetown University, LTC Financing Project; Feder, Komisar, Friedman, June 2007 2 Genworth Financial 2010 Cost of Care Survey, April 2011.LS-0427 ST 09/11
