Protect your loved ones and retirement from long-term care costs
You work hard and save for your future. You look forward to using those savings for a relaxing and well-deserved retirement. But what if age or illness makes you require long-term care? Nursing home costs and home care assistance can deplete a nest egg quickly. Protect your retirement assets from the unexpected costs of long-term care with a solution from RiverSource.
What is long-term care insurance and what does it cover?
People are living longer and it’s possible that at some point, you may need help taking care of yourself due to a chronic or disabling condition. Long-term care (LTC) insurance helps pay for many services not covered by regular health insurance. This includes assistance with daily living tasks such as bathing and dressing, and the cost of 24/7 nursing home care. LTC insurance gives loved ones peace-of-mind knowing that you are cared for and protects your savings from the high costs of LTC. Most LTC insurance policies help cover services such as:
- In-home care
- Nursing home costs
- Adult day care
- Assisted living services
- Care coordination
- Home modification
Speak with an advisor to learn more details and find the best policy to fit your specific needs.