Virginia Long-Term Care Partnership
This innovative program gives Virginians access to high quality, long-term care (LTC) insurance with Dollar-For-Dollar Asset Protection so you can keep more of your life's savings. And maybe best of all, it comes with the assurance of knowing that when the need for long-term care arises, you will have control over your long-term care decisions.
There are two key questions when it comes to LTC insurance:
Do I Need LTC Insurance?
Most of us will need long-term care at some point in our lifetimes, and the cost of long-term care is very expensive. When you need long-term care, it's too late to think about insurance — to apply for LTC insurance, you should be in good general health.
Most health insurance policies (including Medicare) do not pay for extensive long-term care.
How Do I Buy LTC Insurance?
Contact an insurance agent, an insurance broker, or a financial advisor. Be sure to ask for the Partnership Policy as it's the only policy that provides for Dollar-For-Dollar Asset Protection. The policy you purchase must be qualified by the Commonwealth of Virginia as a Partnership Policy in order to receive Dollar-For-Dollar Asset Protection.