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Elder Law_LTC

Long-Term Care Insurance

Is Long-Term Care Insurance Right for You?

Since Long-Term Care Insurance must be purchased when an individual is healthy, it can be challenging to determine if you are a good candidate. If you’re not sure whether Long-Term Care Insurance is the right product for you, ask yourself the following questions:

  1. Have you ever been prescribed a handicap sticker?

  2. Do you require help with any Activities of Daily Living (ADLs)?

  3. Have you ever been diagnosed with AIDS, HIV, or ARC disorders?

  4. Have you ever been diagnosed with or presented symptoms of Alzheimer’s disease, dementia, memory loss, multiple sclerosis, muscular dystrophy, ALS (Lou Gehrig’s disease), or Parkinson’s disease?

  5. Are you incapable of walking four blocks or climbing two flights of stairs?


If you answered, “No,” to these questions, you may be a good candidate for LTCI.


When it comes to advising our clients, there is no “best age” to have the LTCI conversation. While many attorneys think this product is only appropriate to discuss with senior clients, we belive it is important to remember that clients in their 40s and 50s significantly benefit from safeguarding their assets against a long-term care event. So, rather than consider your age , we would rather consider your goals instead. If your goal is to protect your assets, then the LTCI conversation is right for you.

Traditional Long-Term Care Insurance

Traditional LTCI offers affordable and flexible policy options for you who are looking to plan ahead. This type of LTCI functions like a traditional insurance policy where the owner pays regular premiums in exchange for future benefits in the form of financial coverage for a long-term care stay. The policy does not hold any cash value and can be structured to meet your anticipated needs.

Hybrid Long-Term Care Insurance

Also known as Asset-Based LTCI, Hybrid Long-Term Care Insurance consists of a life insurance or annuity contract with long-term care benefits attached. This type of policy is often funded with a single premium, it can also be funded with a variety of options and its benefits can be customized to fit your anticipated long-term care goals. The main difference between Traditional and Hybrid LTCI is this policy has cash value that continues to grow, providing a return on investment for the owner.

In addition to being licensed in Tennessee, Alabama, Georgia and Mississippi, J. P. Plant is a member of LTCPG, a national Producer's Group with Direct Access to all major Long-Term Care Insurance Providers. 

Insurance Agent

Direct Access to All Major Long-Term Care Insurance Providers

Contact us to Schedule a Risk-Free Consultation

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