What Is The Purpose of Long Term Care?

WHAT IS THE PURPOSE OF LONG TERM CARE?

The goal of Long Term Care is to provide you assistance with Activities of Daily Living (ADL) as well as to give you independence. Yet one of the main purposes of Long Term Care is mostly overlooked where it provides protection of your assets and income. It should also be used to in Estate Planning.

In summary, there are five main reasons why there is a need for Long Term Care:

Having enough money for everyday expenses
Not outliving assets and income (protecting retirement funds and assets)
Remaining independent
Maintaining good health
Adequate health car