Frequently Asked Questions

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Long Term Care Protection

With costs approaching and frequently exceeding $30,000 annually, this is an area of concern to all, especially those who have been successful in accumulating significant assets.

Extensive planning is often done to conserve these assets and protect them from high estate taxes. It is equally important to consider the effect a long-term stay in a nursing home can have on an estate. Death taxes and a long-term illness can exhaust accumulated assets.

To avoid having to "spend down" assets before government programs (Medicaid) will pay for long-term care, a long-term plan may be purchased that will provide the dollars necessary for care. As with most types of health insurance plans, the premium increases as we age and the risk increases. Other optional benefits such as home health care are available for an additional premium. As in any estate planning situation, with long-term care the earlier one starts in planning the solution, the lower the cost.

Individuals who have been successful in accumulating an estate should be careful in planning for estate taxes and long term care costs.

We would be happy to talk with you about the need, the benefits and the costs as they would apply to your situation. Please give us a call.

McCord Insurance Agency

Two Locations for Your Convenience:

Greenfield, IN:

  • 203 North Broadway
  • Greenfield, IN 46140

    • 317.462.3333

  • Click here for a map


    • Fortville, IN:

  • 100 W. Broadway, Suite A
  • Fortville, IN 46040

    • 317.485.6415

  • Click here for a map


    • Office Hours:

  • Monday - Friday: 8:30 a.m. to 5:00 p.m.