Long term care insurance vs. long term disability insurance..

Long term disability insurance and long term care insurance
are two quite different things.  

Long term disability insurance lets you to continue to collect
all or a substantial portion of your income when you are
disabled and cannot work to earn.

On the other hand, long term care insurance covers care expenses
(such as nursing or convalescent home care, or other forms of
"custodial care").

Long term disability, or LTD is insurance protection
intended to protect individuals who suffer a disability from
enduring a large financial loss because they have lost their
ability to perform their job duties.

A long term disability policy lets affected individuals
continue collecting their income for an extended period of
time when they cannot work due to that disability."

What is long term care (LTC)?

"Long Term Care includes a wide range of medical and
support services for persons with degenerative diseases, a
prolonged illness such as cancer, a cognitive disorder or
disaility due to accidental injury. It's important to know
that long term care is not necessarily medical care but
rather what is referred to as "custodial care" or assistance
with personal daily living activities. It's very difficult for
people with the above conditions to do things that many
of us take for granted every day. It may be easiest to
think of this as similar to taking care of a child who
cannot take care of him or herself. In the case of Long
Term Care, a trained professional provides these "custodial
services".

Premium rates for long term care coverage can vary wildly
based on a number of factors, including your age at youe
time of purchase, your health at your time of purchase, and
the care options you select.  How much coverage you will
need will depend on your current and projected future
financial situation:

Standardized long-term care policies, such as can be
found with Medicare Supplement insurance, simply do not
exist in the long-term care market. Comparing policies is
extremely difficult because companies offer policies with
many different combinations of benefits and coverage.

We estimate that there are more than 3000 different
premium levels for each and every person!  So we suggest
finding an agent such as whom you can feel comfortable
with, and using his expertise to select the plan that is best
for you.

Entry cost increases as you get older, so it's best to
purchase your coverage as soon as possible.

Most folks want to know right away, "How much does it
cost?" And no one can answer, because for every single
person there can be over 3000 different premium levels,
depending on how much and what kind of coverage you
want. The LTC agent is paid to help you make the best
coverage decisions for your individual situation. Again,
find an agent you're comfy with, and USE that agent to
help you decide.

Long term care insurance is crucial for smart planning.
Get your comparative rate quotes through the Buyer’s Advocate