Health, Life, and Long-Term Care Insurance

Choosing the right insurance can be confusing and it is often hard to know what you really need or want.  However, we can all understand why having life insurance is important. Protecting your loved ones and providing them with more financial security will bring you and your family peace of mind. It’s one thing you can be sure of, and you’ll no longer have to question whether your family will be taken care of after you’re gone.

Another important aspect of insurance is long-term care coverage. People often don’t recognize the need for this sort of coverage because they underestimate the cost of care or think that Medicare and health insurance will cover it. For example, Medicare will pay for short stays in a skilled nursing facility for rehabilitation or therapy services after a hospital stay, but what happens when you need assistance for a longer period of time? Medicaid will cover the cost of long-term care at home and in skilled nursing facilities, but what if your income and assets make you unqualifiable for it? That’s where the long-term insurance comes in!

Finally, no one plans to get sick or hurt, but most people need medical care at some point in their life. Health insurance covers essential health benefits critical to maintaining your health and treating illnesses. It also protects you from the unexpected, high medical costs, and offers free preventive care – including vaccines, screenings, and some check-ups even before you meet your deductible.

At Optimal Wealth Services we can present you with new types of policies, such as whole or universal life insurance, that combine long-term care insurance with permanent life insurance.  If you would prefer to focus only on either life, health, or long-term coverage, we can discuss your specific needs and provide you with options in that area as well!