One day, you or a loved one may need help paying for long term care - at a
nursing home, assisted living facility, or even in your own home. What you may not know is that the high costs of long term care are not always covered by health
or life insurance. Just a few years in a nursing home can easily wipe out a family's
hard-earned and precious savings. At Chevy Chase Financial Services, we have licensed Insurance Advisors who can help.
What is "Long Term Care Insurance"?
Long Term Care Insurance helps pay for the long-term care needed by people with disabilities or long-lasting illnesses - such as skilled care, physical therapy, or a nursing home. It can even pay for in-home custodial care.
Why would I need it?
Most health insurance plans don't provide significant long term care insurance. Medicare will pay only for short-term skilled care in a nursing home, after a hospital stay. Medicare won't cover in-home care, which is what most seniors want and need. Medicaid will cover in-home and other long term care, but only after all other financial resources are exhausted.
With long term care insurance, families can help avoid depleting savings and other assets to pay for the care their loved ones may need.
Protect your assets - and your freedom of choice.
Buying long term care insurance today can give you the security of knowing you're covered when it comes time to seek long term care, and that you are protecting the assets you have worked so hard to save and grow.
A variety of policies, all from top-rated companies, is available.* Coverage options can include inflation protection, guaranteed renewal, and other benefits. One of our Insurance Advisors can review them in detail to help you determine which plan is best for you.
Even if you already have long term care insurance, it may be smart to review your policy now. Several carriers have recently been downgraded, and policy coverage may have changed. One of our Advisors can help you.
Insurance and investment expertise at the same location you do your banking.
Chevy Chase Financial Services, part of the Chevy Chase Bank family of companies, is a premier provider of investments, insurance, and financial planning services to thousands of families in the greater Washington-Baltimore region. Whether you're considering insurance or have other investment needs, our professionals will provide you with custom-tailored advice when and where you need it - at a conveniently located Chevy Chase Bank branch, or at your home or office.
It's smart to act now!
To schedule an appointment with an Insurance Advisor, stop by the Chevy Chase Bank branch nearest you to speak with a representative, or call 1-800-451-9963.
* Underwriting decisions are made by the insurance companies.
Chevy Chase Financial Services Corporation, a subsidiary of Chevy Chase Bank, owns Chevy Chase Securities, Inc., a registered securities broker/dealer, investment advisor
and member of the National Association of Securities Dealers (NASD) and Securities Investor
Protection Corporation (SIPC), and Chevy Chase Insurance Agency, Inc., a licensed insurance
agency. All non-deposit investment products re provided to bank customers by one of these two companies. Non-deposit investment products are not obligations of, or guaranteed
by Chevy Chase Bank or any bank, are not deposits, are not FDIC insured or insured by any government agency, and may go down in value.
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Insurance