Life Insurance can help replace lost income upon the insured’s death and often times is received by the beneficiaries tax free and avoids probate.
Long Term Care Insurance
Long Term Care Insurance is used to help pay for Long Term Care services not covered by individual health insurance or other sources. These usually include assistance with activities of daily living, respite care, home health care, hospice care, nursing home care, adult day care and assisted living facilities.
The insurance experts at Hennion & Walsh Wealth Advisors will perform a complimentary review of your insurance policy.
Why a policy review? If you have held a life insurance policy for an extended period of time, chances are that your situation has changed since you took out the policy.
For more information on Insurance please contact Hennion & Walsh Insurance Division at (800)836-8240 and ask to speak with an insurance professional.
Note: While in some instances, Medicare may pay for some of your nursing home expenses, it will not cover the cost of care in an assisted living facility. If the care that is needed is to help maintain one’s standard of living then Long Term Care insurance can help offset those costs.