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Long Term Care insurance

WHAT IS long term care INSURANCE?

Long-term Care Insurance helps protect you financially in the event that age or illness leaves you unable to properly care for yourself. 

The average yearly cost for an assisted living facility is $60,000 dollars per year in Hawaii.

Nursing homes can cost upwards of $100,000 dollars per year.

The rising costs of long-term care facilities mean that many families cannot afford assistance with medicare alone. An LTC policy offsets these costs and gives people options when faced with a debilitating long-term care scenario.  Many people in the U.S. rely on family members for their long-term care.  This puts an enormous financial and emotional burden on loved ones as they try to cope with their ailing relatives.  An LTC policy eliminates this burden and allows you to live with dignity as you age.  

70% of people turning 65 will require some form of long-term care services within their lifetimes.
70% of people turning 65 will require some form of long-term care services within their lifetimes.

The reality is that a majority of people over the age of 65 will require long-term care assistance at some point in their lives if a person becomes unable to do any two of the following Activities of Daily Living (ADLs):

  1. Bathing
  2. Dressing
  3. Eating
  4. Transferring – getting in or out of a bed or chair
  5. Toileting – Going to the bathroom alone
  6. Caring for incontinence – ability to control bowel and bladder movements

LTC can help cover expenses for in-home care, assisted living, and nursing home care.  The average length of LTC needs is between 2 and 4 years for most people.

Steps to long term care insurance


Determine How Much Coverage You Need

LTC policies vary in the amount that they pay out monthly and the total amount paid over the course of time.  This calculator can help determine how much coverage you need. More expensive policies provide more coverage.  Determine the amount that fits in your budget.


Determine the Type of Coverage You Want

LTC policies can be sold as stand-alone policies that only pay out if you require long-term care.  There are also hybrid LTC policies that also act as traditional life insurance should you not require LTC care.  Our team will help you decide which type is best for you.  


Compare and Apply

Occidental is happy to consult with you and answer any questions you might have about the different long-term care policy options available to you.   We have been proudly serving the families of Hawaii for nearly 90 years.  We look forward to helping you find the perfect policy and peace of mind.


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