Long term care insurance - discovery insurance
Long Term Care Insurance, also known as LTC or LTI, is an insurance product one can take when they cannot look after themselves. These insurance covers cost of care which are generally not covered by health insurance, medical or other insurance.
LTC generally covers up home care, adult day care, nursing care, assisted living, and more. The benefits of this insurance are:
LTC generally covers up home care, adult day care, nursing care, assisted living, and more. The benefits of this insurance are:
- Premium Paid on LTI product may be eligible for an income tax deduction
- Business deductions of premiums are determined by the type of business.
- Individuals who don’t want to rely on their children in their old-age can rely on this product completely.