Most people plan for retirement but fail to plan for care. Chances are you know someone who has received long-term care. According to the Department of Health and Human Services, in 2016, 50% of people turning 65 today will need some form of long-term care during their lifetime. In addition, one-third of Americans over age 85 suffer from Alzheimer’s or Dementia.
Long Term Care is the need for assistance or supervision with the activities of daily living. These activities include Eating, Bathing, Dressing, Toileting, Transferring, and Continence. There are many health-related issues that can play a role in the need for long term care. Chronic illness, advanced age, accidents, stroke, and cognitive impairments, to name a few.
Regardless of the cause or type of assistance needed, long term care for a loved one can have a big impact on your family emotionally and financially. If you lose your ability to perform at least two activities of daily living for at least 90 days or require substantial supervision due to cognitive impairment, Long Term Care Insurance can help cover those costs.
There is no correct age to make this purchase. Please remember the older you are, the more expensive it will be. If you want to get a good price with good benefits, 55-65 is usually the best age bracket.
Yes, you can buy long-term care insurance for your parent. You can pay for the policy, but your parent will be listed as the insured beneficiary.
Yes, you can be turned down for coverage based on your health.
Under 50 Approval rate 93%
50 to 59 Approval rate 86%
60-69 Approval rate 77%
70-79 Approval rate 55%
80+ Approval rate 30%
The average resident is 87 years old.
74% of residents are female
72% need assistance bathing
52% need assistance dressing
36% need assistance using the bathroom
25% need help transferring from bed to chair or room to room
57% of residents have complications with high blood pressure
42% have Alzheimer’s or another type of dementia
34% have heart disease
28% experience depression
27% have severe arthritis
21% have osteoporosis
17% have diabetes
11% have some type of cancer
11% are living post-stroke
We are a fully transparent agency, there are no secrets or surprises. We allow consumers to see the companies we represent and allow them to quote prices before they contact us. We want them to know which company offers the lowest prices as opposed to us telling them. Once a program is selected by the consumer or suggested by TopLine, our clients are amazed at the speed in which they are approved for coverage. We have a family mentality that is productive and fun. Our office has almost no turnover, which means you get to know us very well. We are an insurance family, and we treat our clients as an extension of our family, without them, there is no TopLine Insurance.
At TopLine, we partner with some of the most reputable life insurance companies in the country. We can help you compare quotes and find the best deal.
Our life insurance brokers are experienced and passionate about finding the best policies for our clients. If you are unsure about your options or have any questions, they are happy to help.
Don’t worry about medical exams or your financial situation. With TopLine, you can get approved for a life insurance policy instantly.
They said the application process would be fast. I was thinking I would be approved in a few weeks but somehow, they made sure we got approved the same day. Tracy made the approval process simple and walked me through everything.- Tanya F.