What Is

Long Term Care Insurance

Let’s talk about protecting your wealth and health, long-term. Contact us at Green Line NW today to learn more about your long-term care insurance options!

Long-term care (LTC) insurance assists in paying for in-home care, assisted living, or nursing home costs. In the event that you are unable to accomplish daily tasks or personal care, long-term care can help. Most LTC insurance policies kick in once a person can not independently perform activities of daily living. These include eating, bathing, dressing, and other personal care activities. If you develop cognitive impairment, this may also be a reason for long-term care benefits. For example, some people with dementia or Alzheimer’s may need additional assistance. LTC insurance policies can provide the finances to help pay these costs, without depleting your retirement. Although there are exemptions, most health insurances do not cover this kind of care. Most disability insurances do not cover it, either. This is where an LTC insurance policy can benefit you.

The Costs of Care
The costs of long-term care without insurance can be very high. According to the Alzheimer’s Association, $66 billion dollars was paid out of pocket in 2019 to care for people with dementia or Alzheimers. This does not even include unreported personal expenses. Sadly, Medicare simply will not cover all your expenses. Even if you have good health insurance, other support services may not be covered. Long-term care insurance, however, can be affordable. Most retirees start to look at LTC insurance premiums around age 50, although some people begin earlier to decrease their monthly premiums. Additionally, some retirees may have other insurances that influence the long-term care insurance policies that will be most beneficial for them. Reach out to us today! We’re here to answer any questions you may have.
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Why Consider Long-Term Care Insurance?

Besides high expenses, there are other reasons to consider LTC insurance policies. One chief purpose is to keep your retirement saving safe. Nursing homes, home health aides, or assisted living costs can quickly eat up your savings. Unfortunately, far too many retirees lose the money they worked hard for.

Long-Term Care Alternatives

In addition to straight LTC-only policies, you may have other alternatives. For example, some permanent life insurance products come with long-term care insurance options.

In addition to straight LTC-only policies, you may have other alternatives. For example, some permanent life insurance policies come with long-term care insurance options. 

Also, several annuities can also present a way to secure your money in the event of a long-term care need. For example, some annuities provide long-term care insurance riders. Fundamentally, this just means these policies allow you to access money early to pay for long-term care. Also, within life insurance choices, you may have critical care or critical illness options.

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James W. Malanowski LUTCF
Oregon Ins. Lic. #34228
Washington Ins. Lic. #161643
Utah Ins. Lic.  #202605
Arizona Ins. Lic #34228
Idaho Ins. Lic. #34228
California Ins. Lic. #4114966
Tennessee Ins. Lic. #832696
Nevada Ins. Lic. #42828
Texas Ins. Lic. #1003377

Green Line NW, LLC
Oregon Ins. Lic. #100293643

  • 2305 SE Washington St.
    Suite 102
    Milwaukie, OR 97222
  • 1025 NE Roberts Ave.
    Suite A
    Gresham, OR 97030
  • Park Plaza West
    10700 SW Beaverton Hillsdale Hwy. Bldg. #2, Suite #470-10
    Beaverton, OR 97005
  • 4610 NE 77th Ave.
    Suite 136
    Vancouver, WA 98662
*Backed by the claims paying ability of the carrier.
**Our products offer a reasonable rate of return, over time.

IMPORTANT CONSUMER INFORMATION
This site is for informational purposes only and is not intended to be a solicitation for or offering of any product or investment. The offer for sale of an insurance product may only be conducted in a state where the agent is licensed and the product is approved for sale. The providing of investment advice relating to securities may only be done by a properly licensed individual operating through a licensed affiliate entity, unless otherwise exempt. Comments about past performance are not to be construed as a guarantee or assurance of future performance. This website may contain concepts that have legal, accounting and tax implications. We do not provide specific legal or tax advice, nor promote, market or recommend any tax plan or arrangement. Consult a tax/legal professional for guidance with your individual situation. No representations are made as to the accuracy or completeness of the information contained herein or any information contained in any link provided herein, nor does a consumer visiting the website create an agent-client relationship.

By contacting James W. Malanowski OR Lic#34228, WA Lic#161643, CA Lic.#4114966, NC Lic.# 34228 / Green Line NW, LLC OR Lic#100293643, WA WAOIC #1033626, you may be offered information regarding the purchase of insurance products. NO products will be sold at events and there is no obligation to make a follow-up appointment.
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