Long Term Care Insurance Broker

Preparing for the future means planning for the unexpected and long-term care insurance helps safeguard your independence, finances, and family members peace of mind when health challenges arise.

Having long term care (LTC) coverage can protect your assets and family members from the healthcare costs that Medicare does not cover. Long-Term Care insurance gives you access to quality care options—whether at home, in an assisted living facility, or in a nursing home—without initially depleting savings.

Long-Term care insurance ensures you receive the support you need while easing the financial and emotional burden on your family.

At Glover Park Wealth Management, we recognize the critical importance of long-term care and hybrid life insurance with a long-term care rider as integral elements of a well-rounded financial plan.

Glover Park Wealth is a long-term care insurance agency; we contract directly with the top long-term care insurance providers and shop the marketplace on your behalf.

These insurance options provide financial support for a variety of health-related needs, particularly in situations where individuals may find themselves unable to perform one or more of the six essential activities of daily living (ADLs), which include: bathing, dressing, eating, toileting, transferring, and continence.

When long-term care insurance is activated, the benefits can be paid out as indemnity or reimbursement payments.

Key Advantages of Indemnity-Style LTC Policies

• Cash gives maximum flexibility (especially useful if you want to pay family members or informal caregivers)

• No need to save receipts or deal with claims adjusters

• Often simpler and faster claims process

• Can cover "gap" expenses that traditional policies might not reimburse (e.g., home modifications, lost income for a spouse caregiver)

Indemnity Payments ensure that the client receives a predetermined amount of monthly financial assistance, regardless of the actual costs associated with their care. You receive a monthly check from the insurance company and the funds as needed for your medical care. This structured approach not only supports effective budgeting but also alleviates the financial burden that families may face during challenging times.

Furthermore, this strategic approach to LTC planning serves to safeguard your current assets while simultaneously securing your legacy for future generations.

By preparing for potential long-term care needs, you are not only protecting your wealth but also allowing you to leave behind a robust financial foundation that can benefit your loved ones for many years to come.

Such thoughtful planning can truly make a difference in ensuring peace of mind and preserving your family's financial future.

Glover Park Wealth Management, LLC is a licensed long-term care insurance agency in Virginia, Maryland, Georgia, and Washington, DC.

Long Term Care Insurance Providers:

• Nationwide
• Lincoln Financial Group
• One America
• Pacific Life
• Mutual of Omaha
• National Guardian Life
• Brighthouse
• John Hancock
• Prudential Financial

As an independent insurance agency and broker that has the ability to shop all the major long-term care insurance carriers, we specialize in designing life insurance with long-term care policies to protect family assets by building a solid financial and estate plan.

Schedule a meeting today with our long-term care insurance agents at Glover Park Wealth Management, LLC to receive quotes for life insurance with long-term care.