Long-Term Care Insurance
Plan today for the care you may need tomorrow — without putting the burden on the people you love.
LONG-TERM CARE SPECIALIST
Protecting Your Independence, Your Assets, and Your Family
The cost of long-term care is one of the most overlooked threats to a secure retirement. Whether care is needed at home, in an assisted living facility, or in a nursing home, the expenses can be significant and can deplete a lifetime of savings in a matter of years. Michael Tycott has spent over 30 years helping seniors and pre-retirees across all 50 states plan ahead with the right long-term care coverage before it is ever needed.
As an independent agent with American Senior Benefits, Michael works with multiple top-rated carriers to find a solution that protects your assets, preserves your dignity, and spares your family from having to make impossible choices on your behalf.
Long-term care planning is one of the greatest acts of love you can give your family. It means they never have to choose between caring for you and living their own lives.
Experience
30+ Years in Insurance
COVERAGE
Licensed in All 50 States
AFFILIATION
American Senior Benefits
Most Families Aren’t Prepared. Yours Can Be.
According to the U.S. Department of Health and Human Services, nearly 70 percent of people turning 65 today will require some form of long-term care during their lifetime. Yet most Americans have no plan in place to cover those costs. Without proper coverage, families are often forced to spend down their savings, sell assets, or rely on loved ones to provide care themselves.
Michael Tycott helps clients take control of this risk before a health event forces the conversation. By planning early and choosing the right policy, you can protect everything you have worked for while ensuring you receive the quality of care you deserve on your own terms.
Traditional long-term care policies provide a dedicated pool of benefits that can be used to pay for in-home care, adult day services, assisted living, or nursing home care. Premiums are typically lower when purchased at a younger age and in good health. Michael will help you evaluate benefit amounts, elimination periods, and inflation protection options to find a policy that fits your needs and budget.
Hybrid Life and Long-Term Care PoliciesHybrid policies combine life insurance or annuity benefits with long-term care coverage, giving you the best of both worlds. If you never need long-term care, your beneficiaries still receive a death benefit. If you do need care, the policy pays for it. Michael will walk you through how hybrid products work and whether they make more sense for your financial situation than a standalone policy.
Asset-Based Long-Term Care StrategiesFor clients who prefer not to pay ongoing premiums, asset-based long-term care solutions allow you to reposition an existing asset, such as a savings account or CD, into a product that provides significantly enhanced long-term care benefits. Michael will show you how to leverage what you already have to create a powerful safety net without ongoing out-of-pocket costs.
PROTECT YOUR RETIREMENT SAVINGS
A single long-term care event can wipe out decades of savings in just a few years. The right policy ensures your assets stay intact and your retirement remains on track no matter what happens.
PRESERVE YOUR INDEPENDENCE AND DIGNITY
Long-term care insurance gives you the financial means to choose where and how you receive care, so you are never forced into a situation that does not reflect your wishes or your standards.
SPARE YOUR FAMILY THE BURDEN
Without a plan, the responsibility of your care often falls on the people closest to you. Long-term care coverage ensures your loved ones can be your family first and your caregivers never.
PLAN BEFORE YOU NEED TO
The Best Time to Plan for Long-Term Care Is Before You Ever Need It
Long-term care insurance is one of the few financial products where waiting genuinely costs you. Premiums rise with age, and a health condition can make coverage harder or even impossible to obtain. Michael Tycott makes it easy to explore your options now, while you have the most choices and the most to gain.
I have seen what happens to families who planned ahead and those who did not. Planning ahead changes everything.
Frequently Asked Questions
Does Medicare cover long-term care?
Medicare only covers short-term skilled nursing care following a qualifying hospital stay, and only for a limited number of days. It does not cover custodial care, which is the ongoing assistance with daily activities like bathing, dressing, and eating that most people associate with long-term care. Without a dedicated policy, those costs come entirely out of pocket.
At what age should I start thinking about long-term care insurance?
The ideal window to purchase long-term care insurance is typically between the ages of 50 and 65. Premiums are significantly lower when you are younger and in good health, and you have the widest range of options available to you. Waiting until your health changes can limit your choices or disqualify you from coverage entirely.
What types of care does long-term care insurance cover?
Most policies cover a broad range of care settings including in-home care, adult day programs, assisted living facilities, memory care units, and nursing homes. Michael will walk you through exactly what each policy covers so there are no surprises when the time comes to use your benefits.
What if I pay for coverage and never actually need it?
This is one of the most common concerns people have. Hybrid long-term care policies address this directly by combining long-term care benefits with a life insurance or annuity component. If you never need care, your beneficiaries receive a death benefit. You are never in a situation where your premiums go to waste.
How much does long-term care actually cost?
Costs vary widely depending on the level of care and your location, but the national median cost for a private room in a nursing home exceeds $100,000 per year. In-home care and assisted living carry their own significant price tags. Michael will help you understand the realistic costs in your area and structure a policy that adequately covers what you may face.