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Long-term Care Insurance

Planning for long-term care (LTC) and its associated costs is an important part of retirement planning.

What is LTC? LTC includes all the assistance and medical care you could need should a chronic illness or disability leave you unable to care for yourself, for typically a long period of time (longer than 90 days).

Why is planning important? The need for LTC can put an enormous emotional, physical and financial strain on your loved ones and family members. And, by allocating nothing for LTC, you could be risking a substantial amount of retirement assets.

Proper planning will help you answer these and other questions:

  • Who would you want to care for you?
  • Where would you like to receive care?
  • How do you cover the expense?
    • Your assets? If so, which asset(s) do I use first?
    • Insurance? If so, when should I obtain insurance? What type? How much? For how long? Does insurance pay for care at home? What triggers the policy to pay benefits?
    • Will Medicare pay? Will your Medicare supplement pay?

A carefully and clearly written plan will help you avoid confusion and reduce the burden on others should you need LTC. Also, the insurance coverage you may desire to help offset some of the costs of LTC is easier to obtain at younger ages before health changes begin.

Our Financial Consultants are ready to assist as you consider all the aspects of LTC and how LTC insurance fits into your plan.

Call 1-800-446-5073 to discover solutions that may be right for you.



A well thought out plan can lead to a well-lived retirement.

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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Community Trust Bank and Community Trust Financial Services are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using Community Trust Financial Services, and may also be employees of Community Trust Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of Community Trust Bank or Community Trust Financial Services. Securities and insurance offered through LPL or its affiliates are:

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May Lose Value

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