One out of every two Americans will need Long Term Care (LTC) at some point in their lives.  One in five over the age of 50 is at a high risk of needing LTC in the next 12 months.  The average cost for Long Term Care can range between $30,000-60,000 annually.

If you are 40 years or older, Long Term Care should be an important part of your financial plan.

What is Long Term Care?

Long Term Care helps with:

• Daily Activities such as eating, bathing, dressing
• Skilled Nursing Care either in a nursing facility or at home
• Cognitive Impairment such as Alzheimer’s and covers care oriented conditions, not cure oriented

Who pays for Long Term Care?

• Many people think the government will pay for LTC thru Medicare and/or Medicaid programs...not true!
• You and your family will pay for LTC out of your hard earned assets and savings.

Allegacy now offers affordable and quality Long Term Care Insurance that will provide you with comprehensive coverage, allowing you to protect your assets.  To educate yourself better regarding Long Term Care, please contact Member Services.

Insurance products and services offered through CUSO Financial Services, Inc. (CFS) are not NCUA/NCUSIF Insured, Not credit union guaranteed and may lose value. Allegacy Federal Credit Union is affiliated with CFS. Representatives are employees of Allegacy Federal Credit Union and licensed through CFS.