A research states that 70% of people above the age of 65 require long-term care insurance for an average period of three years. People may get 80% of this long-term care at home.
>>>If you want to renew it, you must make an effort to change the tenure or turn it into a whole life insurance plan.For both short term and long term needs of the family of the insured, term life insurance is beneficial.
>>>Medicare insurance along with Medigap covers a host of services - medical expenses that include doctor visits, hospital care, preventive and long term treatment costs for mental, dental, reproductive, eye and teeth care, and so on.
>>>Some disability plans pay out only for illness whereas there are some others that pay out for both illness and injuries. Long Term Care insurance: This insurance helps to protect your assets and it also gives you more choice and control when you need long term care.
>>>While health insurance plans may not contribute significantly to an investment plan, they are very useful as a risk management strategy for long term filial planning.
>>>For instance, they do not cover long-term care, hearing aids, private duty nursing, dental or vision care, and eyeglasses.There are different policies sold by private insurance companies. All the policies serve the same purpose but have varied costs and features associated with them.
>>>