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Is Your Family Covered?


 Long-Term Care and Life Insurance

Getting Married, the birth of a child, or any other life-changing event can be an exciting time. If there are people who rely on you for care and support, you need to build a safety net to ensure their financial well-being. While you may not think about it, a serious illness or injury could be costly to your family.


 Think TLC with LTC Insurance

Long-term care insurance helps ensure you'll receive the quality care you deserve while removing the financial burden from members of your family. If you had an ongoing illness or disability that required daily non-medical assistance, long-term care insurance could defray the cost of nursing home stays, assisted living, adult day care, or care in your own home.
The average cost for nursing home care is $70,900 a year, and can be more than $140,000 a year in some large cities. * Daily care in your home can be just as expensive.
Many people think Medicare will cover the cost of long-term care if it's necessary. However, Medicare benefits don't apply to long-term care costs and they usually don't cover people younger than age 65. WIth long-term care insurance, you can make decisions about the quality of your life and be able to preserve assets for your family.
Long-term care policies are complex, so be sure to ask many questions and understand the fine points before you decide on one. Questions you may want to ask include:
• What type of care does the policy cover?
• What physical and cognitive impairments activate the policy's benefits?
• How long will the policy pay out once it's triggered?
• Does the policy have inflation protection?


 Preparation is Key

DCU Financial offers a variety of long-term care insurance options to help provide financial security for your family. Our Financial Consultants can help you select the coverage and the policy that makes the most sense for you and your families needs. Talk to one of our Financial Consultants by calling 800.328.8797, ext. 6621, or emailing financial@dcu.org .

* Source: Genworth Financial 2006 Cost of Care Survey.


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