Long Term Care

The long term care dilemma

It's a fact of life - there is a strong probability that at some point in your life you will need long term care. Long term care is usually provided to people suffering from cognitive impairment from a disease such as Alzheimer's, or from physical impairment due to illness or an accident, or the normal effects of aging. In these circumstances, insurance provides around-the-clock assistance with the simple tasks of living - such as eating, bathing, dressing - in a nursing home or in an assisted living facility. In most cases, health and disability insurance will cover only a fraction of costs. That kind of expense can quickly drain your savings and erase the wealth you've worked so hard to build for your family.

Secure your long term care with John Hancock

The solution to the dilemma is long term care insurance from John Hancock Life Insurance Company. Long term care insurance products from John Hancock are backed by the financial stability, strength and integrity of a company with a 140+-year record of success and a commitment to extraordinary customer care. John Hancock financial professionals are licensed to offer a host of competitive insurance and investment products - including long term care insurance - that may not be offered by other brokers. When you choose John Hancock, you can rest assured that your long term care needs will be secure.

Why long term care Insurance products are so important

Many people mistakenly believe that their needs will be covered by Medicare or Medicaid. Medicare pays for skilled care, but only for a limited term and only certain expenses. Medicaid covers some long term care, but only in nursing homes and not until you (and your spouse) have spent nearly all of your assets. Without coverage, you may have to spend your life savings or depend on your children to pay for the cost of your care.

The best time to purchase long term care insurance is now. The younger you are when you purchase coverage, the lower the cost is. And it's important to keep in mind that the need for care is not limited to the elderly - people in the prime of life frequently find themselves in need of long term care.

For more information about products from John Hancock, click here.