Plan now for the care you may need later.
Firefighting takes a toll on your body and mind over time. Long term care insurance helps cover the cost of services you may need if illness, injury or aging makes it difficult to manage daily activities on your own. It protects your savings, eases the burden on your family and ensures you have access to quality care when you need it most.
What long term care insurance covers and why it matters.
What long term care covers.
Long term care services are designed to help you live as independently and safely as possible. Coverage can include:
- Household and transportation assistance
- Personal care assistance with daily activities like bathing, dressing and eating
- Skilled nursing and therapy services
- In-home care support
- Assisted living and nursing home care
Why firefighters should plan for long-term care.
Firefighters often face long term care needs earlier than most. About 70% of people over 65 will need some form of long term care during their lifetime, and with the average monthly cost of a private nursing home room exceeding $8,800, those expenses can quickly drain retirement savings. A long term care policy helps protect what you have worked hard to build.
When to get coverage.
The best time to secure a long term care policy is before you need it. Applying while you are in good health gives you access to better rates and broader coverage options. Waiting too long can mean higher premiums or the risk of becoming uninsurable due to a change in health.
LONG TERM CARE INSURANCE
Not sure where to start?
Long term care planning is one of the more complex parts of financial planning, but you do not have to figure it out alone. A financial advisor can walk through your options and help you build a plan that fits your life and your timeline.
Investment and insurance products and services are not insured by NCUA or any government agency, are not obligations of Firefighters First Credit Union, are not guaranteed by the Credit Union and may involve investment risk, including possible loss of principal. Advisory services are offered through registered investment professionals. Additional disclosures apply and will be provided as part of the advisory relationship.