Service 03
Long-Term Care
In the Indianapolis area, a private nursing-home room now runs on the order of $11,500 a month. That is a plan-breaker if it is paid from savings alone.
Most people will need help with daily living at some point. Medicare does not pay for custodial care. Traditional long-term care insurance, hybrid life/LTC policies, and annuity-based care riders are the insurance answers.
Hybrid designs have become the practical choice for many Indiana families: a life insurance policy or annuity that can accelerate for care, and that pays a death benefit if care is never used. Premium is not a “use it or lose it” bet.
The right structure depends on health, assets, and whether the goal is to protect a spouse, a farm, or simply the dignity of choosing where care happens.