Investment Services  
Annuities  
Financial Planning  
Homeowners and Auto Insurance  
Life Insurance  
Long Term Care Insurance  
Mutual Funds  

  Long Term Care Insurance
Long-Term Care Insurance

When we plan for retirement, we dream of being financially secure. And, with a diligent financial plan that dream can become a reality. But in saving for your future, don't overlook the need to protect your retirement savings from the unforeseen expense of a prolonged illness or disability.

Today, one of the best ways to guard against the unexpected and maintain the financial security you've planned for is through long-term care insurance.


What is Long-Term Care Insurance?

Long-term care is the physical assistance given to people who need help with normal daily activities such as dressing, bathing, eating or just getting around. Provided by home care organizations or nursing homes, this type of care is very costly. And unfortunately Medicare and health insurance plans aren't designed to pay for it.

Why do I Need Long-Term Care Insurance?

Experts estimate that more than 66% of Americans will require long-term care assistance at some point in their lives. And with nursing homes costing as much as $40,000 to $70,000 per year - and continually rising - long-term care insurance is a smart investment in your future.


What is Covered in a Long-Term Care Policy?

Long-term care insurance covers the care you need, whether it's in your home or at another facility. Benefits can be paid for:

  • Care and assistance from a nurse or therapist received in the home
  • Homemaker or companion services
  • Personal care attendant and chore services
  • Community-based care
  • Adult day care
  • Assisted living facility care
  • Adult congregate living facility care
  • Nursing home care


Why Decide About Long-Term Care Today?

Medical insurance typically pays only for your doctor and hospitalization in the event of illness or injury. Medicare pays for less than 5% of the nation's total nursing home long-term care costs. Long-term care insurance is a sound investment for the future, and you should make it part of your financial plan today. Monthly premiums are based on your age at the time you enroll and will not go up because you get older or make a claim. They will only increase if they rise for everybody in your rate category in your state. Also, your policy can never be canceled, as long as you pay the premiums on time.

Maintain Financial Security Today - Many adults have exhausted their retirement savings without the help of long-term care insurance. So protect yourself today from the burden of long term care expenses. In preparing for retirement, we plan for financial security, and with long-term care insurance, that plan can become a reality. Protect your assets today!

To find out more about long- term care insurance, please call 865-481-4964 or e-mail today.
  • These products are NOT insured by NCUA, are NOT deposits, are NOT obligations of, or guaranteed by Y-12 Federal Credit Union and are
    subject to investment risks. Investment risk includes possible loss of the principal amount invested.
  • Securities transactions are executed through Financial Security Services, Inc.
 

Autos 2009-2015 as low as 2.10% APR
60-Month Certificate as high as 1.15% APY
Home Equity-Variable Interest Only as low as 4.00% APR
*Rates subject to change; certain restrictions apply.(1)APR (2)APY
 
Your savings federally insured to at least $250,000
and backed by the full faith and credit of the United States Government National Credit Union Administration, a U.S. Government Agency
Member Cellular Discounts with Sprint

NMLS #441816
Equal Housing Lender
© 2014Y-12 Federal Credit Union, serving Oak Ridge, Knoxville, and surrounding East TN Counties. All Rights Reserved.