Long Term Care Insurance

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No one likes to think about growing old, but the fact is it is inevitable. Some people will require long-term care assistance to do basic daily activities, such as bathing, dressing, or moving from a bed to a chair.

This is something to be considered when planning your future, so you will have the ability to pay for such care if the need arises.


Long-term care can be provided in:

  • Your home
  • Assisted living facility
  • Nursing home
  • Community programs like adult day care center

Some common conditions that might trigger need for long-term care:

  • Recovery from surgery
  • Injury, such as a broken hip
  • Illness
  • Stroke
  • Frailty due to advanced age
  • Alzheimer's Disease

Some people only need long-term care for a few months, while recovering from surgery for example, while others may need care for the rest of their life. Read more about who may need long-term care here.

When Benefits Begin

Long-term care benefits begin when a doctor certifies that you are functionally impaired. This means that you are unable to perform two or more of the Activities of Daily Living without continual assistance. These activities include:

  • Ambulating — walking or managing a walker or wheel chair
  • Bathing
  • Continence
  • Transferring — getting in and out of bed
  • Dressing
  • Eating
  • Toileting

The failure to perform any two or more of the listed activities triggers the benefit payment. Functional impairment also includes Alzheimer's Disease and Senility Dementia.

Replacement Policy

The advantage of replacing an older policy is that new policies may offer more desirable benefits and features and fewer restrictions.

Inflation Protection and no requirements for a prior hospital stay are some of the benefits and features being offered in current long-term care products.

However, just because a policy is newer does not necessarily mean it is better than the one you have. Our personal insurance experts can help determine if there is a better insurance policy for you, or if you should stick with your current coverage.

Insurance and fixed annuities are offered through Solvay Bank Insurance Agency, Inc., a subsidiary of Solvay Bank. Insurance policies are obligations of the insurers that issue the policies. Solvay Bank Insurance Agency, Inc. is licensed to sell insurance in New York State and acts as agent for the issuing insurers.

Investment and insurance products ● are not deposits ● are not FDIC-insured ● are not insured by any government agency ● have no bank guarantee ● may go down in value.