Long-term care (LTC) insurance is designed to cover services and support over an extended period of time and as a supplement to traditional health insurance. LTC can be beneficial for personal and custodial care in your home, a community organization, or other facility. LTC policyholders receive reimbursements (up to the selected amount of coverage) for services and support that assist with activities of daily living (ADL), including dressing, eating, and bathing.
If you’re injured and or disabled as a result of an injury, accident insurance could provide a one-time cash payment to help with co-pays for services you might incur for treatment. If the injury results in an inability to work, you could then also file a claim for short-term disability benefits in order to receive weekly income to compensate for missed wages.
There is a distinct difference between accident insurance and short-term disability; however, they can complement one another to help cover costs due to an injury. Let us help you go over your options so that you can better prepare for accidental injury.
Critical Illness and Cancer insurance was developed in the late 1990s to help consumers cover expenses associated with critical illness and cancer. This specialized, supplemental insurance coverage can offer a lump-sum, tax-free payment to a policyholder should he or she suffer from specific, covered critical conditions.