Iowa residents
have received
CA$HBACK checks
exceeding

$6,214,587.50

Long Term Care Insurance

Why Long Term Care Insurance? While you are working and earning, you are also hopefully building up financial assets. It's important to protect these savings and investments for your future financial security. The need for extended - or long term - care could be a threat. That's why UnumProvident offers long term care (LTC) insurance. Long term care insurance helps preserve those assets, while providing you choice and flexibility in the services that you receive.

What’s the chance of needing long term care? Many people think of only elderly people as the ones who might need long term care. The fact is, many conditions that can create the need for long term care -- arthritis, heart disease, stroke, brain trauma, cancers and others – can affect people at any age. Consider this:

• More than 12 million Americans currently need long term care.¹
• Women face a 50% higher risk of needing long term care than men do, simply because women tend to live longer.²

How much does long term care cost? The financial impact is significant, no matter whether someone receives care in a nursing home facility or at home from a skilled caregiver.

• As a national average, a year in a nursing home costs more than $56,000.³
• Bringing someone into your home just three times a week to help with bathing, dressing, meals and household chores can cost $12,000 per year.⁴
• Expenditures for nursing home and home health care totaled $117.1 billion in 1998. Medicare covered only 18% of that. Medicaid (available only after your resources have been depleted) covered 39%. Almost 30% of it – more than $35 billion – was paid out-of-pocket by individuals.⁵

Where can I get coverage? LTC insurance coverage is readily available through most insurance agents. The younger you are when you buy the insurance, the lower your price will be. ⁶

¹ The Henry J. Kaiser Family Foundation, Fact Sheet #2186, “Medicaid’s Role in Long Term Care,” March 2001.
² Health Insurance Association of America (HIAA), “Guide to Long Term Care Insurance,” 2002.
³ "Most Americans Unprepared for Long Term Care Costs," AARP News Release, December 20, 2001.
⁴ Health Insurance Association of America (HIAA), “Guide to Long Term Care Insurance,” 2002.
⁵ “Long Term Care,” by Natalie Graves Tucker, Enid Kassner, Faith Mullen, and Barbara Coleman, AARP Public Policy Institute, May 2000.
⁶ Rates may change on a class basis.

Long Term Care protection is underwritten by several quality Insurance carriers.

 

Call or write us for additional information regarding Long Term Care.

These brief descriptions of coverages available are for illustrative purposes only, and are not intended as a statement of contract. For actual terms and conditions of coverage provided, refer to your insurance policy, or, for more information about coverage options and availability, talk to your American National agent. All products, coverages, and options are not available in all states, and eligibility guidelines apply. American National Family of Companies reserves the right to discontinue programs at any time.

This site may have links to other sites, which are not maintained by American National Insurance Company, it's subsidiaries or affiliates. Such links do not imply endorsement or approval of these sites or the content therein by American National, its subsidiaries or affiliates.