Even though itâ€™s not something we like to think about, long-term care may likely be necessary at some point in your life. Maybe you have a heart attack, stroke or bad accident and need care suddenly, or maybe you develop a chronic illness as you get older. Having a plan in place for these events will help give you the opportunity to protect yourself from the full effect of high long-term care costs.
Even more important to note, private health insurance or Medicare may not pay for the long-term services you or your loved ones require. Thatâ€™s why itâ€™s important to think about long-term care along with your financial plans.
Find out how much you know about long-term care and if itâ€™s the right policy for you by taking our long-term care quiz. This five-question quiz will help you better understand long-term care and why itâ€™s important to consider.
Then, talk to your ERIE agent about a Long-Term Care Accelerated Death Benefit RiderÂ from Erie Family Life Insurance Company. Your agent can go over your options based on your personal situation and help determine what coverage is right for you.