Long-Term Care Insurance

Chances are, you're looking forward to a long and active life after retirement. But as your age increases, there is a greater possibility you may suffer prolonged illness or disability that could leave you unable to care for yourself over an extended period of time.

Our wealth advisors can help you develop a plan that incorporates the appropriate amount of long-term care for your specific needs. 

As part of your financial strategy, long-term care insurance can provide all the assistance you might ever need, while relieving your family from financial and emotional burdens. With the cost of private nursing home care in Hawaii now approaching $130,000 per year and full-time professional home care fees rising to as much as $55,000 annually, long term care insurance definitely plays a vital role in your financial plan.

In a nutshell, long-term care insurance is a protection plan that pays you a set amount when you can no longer live independently. Long-term care can help pay nursing home or assisted living costs, or even costs incurred when you are disabled and confined to your home. Equally important, a long-term care policy can potentially mean:

  • You won’t have to deplete your life savings to care for yourself.

  • You won’t be forced to rely on government welfare programs to survive.

  • Your family and loved ones won’t have to sacrifice their assets and savings to care for you.

  • You will be able to maintain some of your independence.

  • You will be able to preserve your assets and pass them on to your heirs.

  • You will be able to choose the location for your care.

As people live longer, long-term care insurance is more important than ever. Under federal law enacted in 1996, premiums may be tax deductible and benefits tax free if you own a tax qualified long term care policy.

There are many types of long-term care policies available with a variety of options and features. We survey the market to offer our customers suitable products. If for some reason the plans we offer don’t quite suit your needs, we’ll shop outside for an appropriate plan for you. That’s our commitment to you as our valued customer.

999 Bishop Street, Suite 1850; Honolulu, HI  96813 | P:  (808) 525-5159 or toll free at (877) 643-4344
Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. First Hawaiian Advisors, First Hawaiian Bank and First Hawaiian Bank Wealth Management Group are not registered broker/dealers and are independent of Raymond James Financial Services.

Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability.

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