Long-term Care Insurance
Americans are living longer, healthier lives than ever. Though it's difficult to think about, someday, you or someone you love may need long-term care. Many people aren't likely to think about needing longterm care until it becomes a reality.
Planning ahead can help you protect two very important things: your assets and your freedom to make choices about the kind of long-term care you or your loved one receive. Your Thrivent Financial representative can help you devise a long-term care plan.
Care Facilities
When you think of long-term care, you might think of nursing homes. But there's more to it than that. Long-term care encompasses varying levels of service and care. Typically, long-term care services are designed for chronically ill individuals who need help with activities of daily living for an extended period.
Long-term care insurance helps protect your assets and income from the high costs of long-term care by providing benefits to help pay for that care. It can help provide insurance protection against costs associated with care received in the following types of facilities (including but not limited to):
- Nursing homes.
- Skilled nursing facilities.
- Extended care facilities.
- Assisted-living facilities.
- Community-based residential facilities.
- Residential care facilities.
- Adult foster care homes.
- Adult Day Care facilities.
- Alzheimer's Unit or care facilities.
- Personal care homes.
- Home health care services (services provided in your home).
Long-term care insurance is marketed through Thrivent Financial for Lutherans' wholly owned subsidiary insurance brokerage agency.
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