Long-term care insurance is a type of insurance designed to help people cover the costs of long-term care, which is any type of health care or assistance with activities of daily living that are needed over an extended period of time. Long-term care can include help with bathing, dressing, and other personal care tasks, assistance with household tasks like laundry, yard work, meals, or transportation, and skilled nursing care. This type of insurance can help to protect your finances in case you need long-term care.
Considering when to buy this type of policy is important for several reasons. Insurance policies can differ greatly in coverage and cost, so understanding when to purchase coverage can help you make sure you're getting the best coverage for your needs. Additionally, some states have age requirements for purchasing long-term care insurance, so this is something you'll need to take into consideration when making your decision.
This guide will provide you with the information you need to understand the benefits of long-term care insurance, who should consider purchasing it, when is the best time to buy coverage, how much does long-term care insurance cost, what coverage options are available, how to choose the right provider, how to apply for coverage, and how long it takes to get approved. We will also discuss potential pitfalls to look out for when buying long-term care insurance as well as alternatives to long-term care insurance. By the end of this guide, you will have a clearer understanding of when to buy long-term care insurance.
Long term care insurance is an important form of insurance that can help protect you and your family in the event of needing long-term care services due to age or illness. Long-term care insurance pays for services, such as nursing home or home health care, which are not typically covered by traditional health insurance. It can help minimize the costs associated with long-term care and provide financial protection for yourself and your family.
At some point, many people will need help with the activities of daily living like dressing, bathing, and eating, but the cost of long-term care can be a financial burden if you are not prepared. That’s why it’s important to consider purchasing long-term care insurance when you are younger and healthier, in order to get the best rates.
In addition to helping cover the costs of long-term care, long-term care insurance also provides peace of mind knowing that your family will not be burdened with the financial strain of providing care for you. It is important to carefully evaluate your options and budget when deciding whether or not long-term care insurance is right for you.
When it comes to planning for the future, one of the most important safeguards that you can put into place is long-term care insurance. Long-term care insurance covers a range of services and activities that help people with chronic illnesses or disabilities, as well as those who need assistance due to aging. It provides individuals with much-needed financial protection in the event that they require medical and non-medical services and support.
By investing in long-term care insurance, you are protecting yourself and your loved ones against the high costs associated with long-term care, as well as ensuring that you have access to the help and support that you need. Here are some of the key benefits of long-term care insurance:
- It can cover a range of long-term care services, such as home health care, adult day programs, and assisted living.
- It can help protect your savings and assets from the financial impact of long-term care.
- It can provide peace of mind knowing that you and your loved ones will be able to access the care that you need if needed.
- It can give you more control over the type of care and services that you receive.
Long-term care insurance can be a valuable tool in helping you to plan for your future and ensure that you and your family are protected from the financial costs of long-term care. It is important to speak to an expert to determine if this type of insurance is right for you.
What Are the Benefits of Long-Term Care Insurance?
Long-term care insurance can help provide financial protection against the costs associated with long-term care. It is typically used to cover services such as nursing home care, home health care, and assisted living. With long-term care insurance, you are able to pay for care without depleting your savings or investments. This helps protect your financial security in the years ahead.
Some of the main benefits of long-term care insurance include:
- Peace of mind in knowing that you will have the financial resources to cover long-term care services
- The flexibility to choose from a range of care options
- Protection for you and your family from the high cost of long-term care
- Tax advantages for policyholders
Long-term care insurance can be an invaluable resource that helps protect your financial future. It may be worth considering if you are worried about potential long-term care expenses.
Buying long-term care insurance can be an important step to protect one’s finances in the future. That’s why it is important for individuals to consider if they could benefit from purchasing this type of coverage.
Long-term care insurance is typically recommended for those who want to cover the costs of care related to chronic conditions, disabilities, or age-related disability that might require extended care. Those who are most likely to benefit from long-term care insurance include:
- Those who have assets or other financial resources that could be depleted if they need to pay for long-term care out-of-pocket.
- People who wish to ensure their spouse, family members, and/or partner are not financially burdened with the cost of their long-term care.
- Individuals who do not wish to rely on government assistance programs in order to pay for the cost of care.
- Individuals who are looking to supplement existing long-term care policies, such as a health insurance policy, Medicare, or Medicaid.
In addition to these reasons, long-term care insurance may be a good idea for those who want to avoid potential risks. It is important to note that long-term care insurance does not cover all costs associated with long-term care, and its coverage can vary based on the type of policy purchased. Therefore, it is important to carefully review the policy details before making a purchase.
Who Should Consider Buying Long-Term Care Insurance?
Long-term care insurance is typically a good option for those who are worried about the costs of long-term care in the future. This type of insurance can help protect your finances in the event you need long-term care. People who are 45 and above, unmarried, have no children, have chronic health issues or a family history of long-term care needs, have a disability or already pay for long-term care services should consider purchasing this type of insurance.
Long-term care insurance might also be a good option for those who want to leave financial protection for their loved ones. Buying long-term care insurance can provide peace of mind knowing that if you ever do need long-term care, your family won't have to bear the financial burden.
People who don’t need long-term care insurance or won’t need it for years may not benefit from it. If you are healthy and likely will not need long-term care, it may make more sense to save money for long-term care costs instead of buying insurance.
When it comes to purchasing LONG-TERM CARE INSURANCE, the best time to buy is sooner rather than later. The younger and healthier you are when you purchase a policy, the lower your premiums will be—as you age, rates increase. It’s important to remember that LONG-TERM CARE INSURANCE premiums are based on age and health, so the longer you wait to purchase a policy, the more expensive it will be.
In addition, waiting until you are older to purchase a policy can mean that the coverage you receive is less comprehensive than if you had purchased earlier on. That’s why it makes sense to consider LONG-TERM CARE INSURANCE when you are still young and healthy, as you are more likely to get the best possible coverage and rates at this time.
It’s also important to consider other factors such as your family health history, lifestyle and financial situation before deciding when to purchase LONG-TERM CARE INSURANCE. If you have a family history of illness, for example, or you face a high risk of needing long-term care due to an injury or disability, you may want to consider purchasing a policy earlier on.
Finally, it’s important to remember that LONG-TERM CARE INSURANCE can take some time to process, so if you are considering purchasing a policy it might be best to start planning ahead of time. Taking the time to compare different plans and understand your options is the best way to ensure that you make an informed decision about when to buy LONG-TERM CARE INSURANCE.
When Is the Best Time to Buy Long-term Care Insurance?
A long-term care insurance policy is a great way to protect your finances in the event you need long-term care, such as assistance for daily activities, institutional care, or nursing home care. But when is the best time to buy long-term care insurance?
The ideal age to buy long-term care insurance is between the ages of 50 and 65. At this point, premiums are typically more affordable and there is still plenty of time before long-term care is likely to be needed. However, it’s important to keep in mind that buying too late could mean missing out on a better rate. You should also consider any existing medical conditions, as these can affect the cost of the policy.
Before deciding when to buy long-term care insurance, you should evaluate your health, lifestyle, and financial status to determine if long-term care insurance makes sense for you. Other factors to take into account include the amount of coverage you need, your age, the type of policy, and the cost of premiums.
If you decide that long-term care insurance is right for you, talk to your insurance broker about the best time to purchase a policy. Depending on your personal situation, you may decide to buy the policy sooner rather than later in order to take advantage of lower premiums. Your insurance broker can provide detailed information about the best time to buy a policy, as well as advice on the type of policy that is most suitable for your needs.
Long-term care insurance can be an important part of protecting your finances in the event you need long-term care. But, it is important to understand the cost of long-term care insurance before making a decision.
Long-term care insurance can vary in cost depending on age, coverage options, and any additional riders that may be added. The average cost of long-term care insurance in the United States is approximately $2,000 to $3,500 per year. This cost can range from as low as $1,000 per year for someone in their 20’s to more than $15,000 annually for someone over the age of 75.
It is also important to consider the effects of inflation when looking at the cost of long-term care insurance. The cost of care is rising at a steady rate and many insurers include an inflationary feature in their policies which allows policyholders to adjust the coverage limits to keep up with the rising costs.
When deciding whether to purchase long-term care insurance, it is important to look at the cost of the policy and make sure it fits within your budget. It is also important to compare different plans and determine which one offers the coverage that best meets your needs.
When it comes to buying long-term care insurance, the cost is an important factor to consider. The cost of long-term care insurance can vary significantly depending on factors such as your age, current health status, and the coverage options you select. Younger individuals tend to pay lower premiums due to their lower risk of needing long-term care insurance. Moreover, those with healthier lifestyles and fewer pre-existing conditions are likely to receive better rates.
It is also possible to customize your coverage options in order to make the plan more affordable. You may be able to select a higher deductible, reduce the amount of coverage, opt for a lower daily reimbursement rate, increase the elimination period, or choose shorter benefit periods for which you will be covered. All of these options will affect the overall cost of your premium, so it’s important to weigh the pros and cons before making your decision.
Finally, it’s important to shop around and compare different long-term care insurance providers. Some providers offer more competitive rates than others, so taking the time to research options and compare quotes can help you find the best deal.
Long-term care insurance can provide important financial protection for individuals who need help with activities of daily living due to an illness, disability, or age. It is important to understand the different coverage options available when considering purchasing a long-term care insurance policy.
The first coverage options available are cash benefits and reimbursement. Cash benefits provide a predetermined daily amount that helps with the cost of care in a nursing home, assisted living, or home health care setting. Reimbursement plans pay you directly after you have paid for the care and provide a repayment of anywhere from 50-100% of the costs.
Next, it is important to consider the length of coverage. Many long-term care insurance policies will cover three to five years of care, so it is important to read the policy thoroughly and make sure that the coverage meets your needs.
Additionally, it is important to understand the deductible or elimination period for your long-term care insurance policy. This is the length of time that must pass before benefits start to kick in. Generally, the longer the deductible period, the lower the premium cost.
It is important to consider any additional features offered by the plan such as inflation protection, long-term care waivers, and flexible payment schedules. Inflation protection can help ensure that your coverage amount keeps up with rising costs, waivers can provide coverage even if the individual is already receiving care, and flexible payment schedules can help reduce the out-of-pocket costs.
Understanding the different coverage options available and which one best suits your needs is essential when considering the purchase of long-term care insurance. Researching the different plans available and reading the policy thoroughly is the best way to ensure you get the coverage you need without any potential surprises down the line.
When it comes to purchasing an insurance policy, it’s important to understand the different coverage options available. The same is true for long-term care insurance. Before you buy a policy, it’s essential to understand what coverage limits and deductibles are offered.
Coverage limits are the maximum benefit amount per month that the insurance company will pay for your long term care needs. This amount should be based on the costs of long-term care services in your area. Deductibles are the amount that you need to pay or cover yourself before the insurance company will start to step in and cover the costs of care. Deductibles can vary depending on the type of policy you purchase.
For example, some policies may require that you pay up to a certain percentage of the cost of care prior to the insurance company contributing to cover the costs. When considering long-term care insurance, it’s important to evaluate these coverage limits and deductibles to ensure they are suitable for your needs.
It’s also important to consider additional benefits such as home health care services or nursing home care. Depending on the policy, it may include coverage for both of these services or only allow one or the other. It’s essential to read through the policy in detail to ensure that you fully understand the coverage limits and options available.
By understanding the coverage limits and deductibles associated with long-term care insurance, you can make an informed decision about whether or not this type of insurance is right for you.
When it comes to choosing the best long-term care insurance provider, there are a few key factors you should consider. The right provider for you will depend on your individual needs and budget, as well as the type of coverage you’re looking for.
The first step is to determine the type of coverage you’re looking for and how much you want it to cover. You also need to research different providers and compare their coverage options, pricing, and customer service ratings.
It is important to make sure the provider you choose is reliable and trustworthy. You can do this by checking customer reviews, researching independent ratings websites, and speaking to people who have bought similar policies from the provider. Customer service should also be taken into consideration. Look for a provider that offers fast response times and transparent communication.
When looking at cost, compare different long-term care insurance plans to find the one that best fits your budget. You should also look for any additional fees or hidden costs that could increase the cost of the policy.
Finally, make sure you understand the terms and conditions of the policy before signing up. Ask questions regarding benefit levels, care services, copayments, and premium increases to ensure the policy is suitable for your needs.
All of these considerations will help you find the best long-term care insurance provider that meets your individual requirements. Take the time to research and compare providers to ensure you get a policy that offers the best value for money.
How Do You Choose the Right Long-Term Care Insurance Provider?
When it comes to choosing a long-term care insurance provider, you need to make sure you are making an informed decision. There are a few factors to consider when selecting the right provider. Some of the most important qualities you should look for in a provider include ratings, reputation, customer service, and claims handling.
The financial strength and stability of your long-term care insurance provider is important. Look for ratings from organizations such as Standard & Poor's or A.M. Best to get an idea of how financially secure the organization is.
Read through online reviews from current and former customers to get a good sense of how your potential provider operates. Are they helpful and easy to work with? Do they respond quickly to customer inquiries? Do many customers have complaints about the company? Reviews can be a great way to get a better feel for a provider.
Good customer service can make all the difference when it comes to dealing with long-term care insurance companies. Make sure the provider you choose has knowledgeable customer service representatives who are readily available and can answer any questions you might have in a timely manner.
You should also learn about the claims process before you commit to a provider. Read up on the procedures and policies on filing claims, and how long it usually takes for a claim to be paid out. Be sure to ask what evidence and documents you'll need to provide in order to file a claim.
Applying for long-term care insurance isn’t as daunting as you may think. In fact, the process is rather straightforward and simple. This section will provide an overview of the steps involved in applying for LONG-TERM CARE INSURANCE coverage.
The first step is to decide what type of plan and coverage you need. When choosing a plan, it’s important to determine what your long-term care needs will be and what level of coverage you would like to have. Once you’ve settled on a plan, contact the company and they will provide you with the appropriate forms and paperwork.
Most companies will then require you to provide information about your medical history and any pre-existing conditions. This information is necessary in order to determine if you are eligible for LONG-TERM CARE INSURANCE coverage. The company may also ask you to submit some medical records from a doctor in order to verify your medical history.
Once you have submitted all of the required information, the company will review your application and decide whether or not to offer you coverage. If you are approved for LONG-TERM CARE INSURANCE, then the company will provide you with an insurance policy outlining the coverage details and cost.
Lastly, you may be required to take a medical exam before your policy is approved. This exam is used to further verify that you are in good health and can help to ensure that you are getting the best coverage for your specific needs.
Applying for long-term care insurance is relatively simple and straightforward. Just remember to do your research, choose the right policy and provider, and make sure to provide accurate information. By doing so, you can be sure that you get the best coverage for your needs.
How to Apply for Long-Term Care Insurance
Applying for long-term care insurance doesn’t need to be overwhelming. It’s important to understand the process and what is required by your insurance provider. Here are some of the key steps you will need to take when applying for long-term care insurance:
- Gather information. Before applying, you will need to collect and provide personal information such as your age, medical history, and financial information.
- Contact an insurance provider. Once you know your needs, contact a reputable insurance provider to discuss your options. They can provide you with a quote and explain the terms and conditions of the policy.
- Request an application. The insurance provider will send you an application which must be complete and accurate in order for the insurance to be approved.
- Submit the application. Once you have completed and signed the application you can submit it to the insurance provider.
- Undergo a medical exam. Depending on the insurer, you may be required to undergo a medical exam in order to assess your risk level. This may be carried out by a doctor or nurse.
- Await approval. The insurance provider will review your application and medical records and will approve or deny your insurance coverage.
It is important to remember that there may be additional forms, paperwork or medical examinations required by the insurance provider in order to process your application. Be sure to consult your insurance provider for a comprehensive list of requirements.
Applying for long-term care insurance can be an intimidating process, and it can be difficult to know how long it takes to get approved. Generally speaking, it usually takes between two and six weeks to receive an approval or denial after submitting an application. The exact timeline will depend on a variety of factors, such as the complexity of the application, the insurance carrier's processing times, and any additional information that may need to be provided.
The first step in the application process is to gather the necessary documentation, which typically includes details about the applicant's medical history, current health status, and financial situation. Next, the applicant must fill out and submit the application to the insurance company. Depending on the provider, this application process may be done online, over the phone, or in person with an agent. Once the application has been submitted, the next step is for the insurance company to review the information and either approve or deny the policy.
For those who are approved, the insurance company will also need to determine the monthly premium rate. This process usually involves an underwriter running a background check on the applicant and calculating the risks associated with insuring them, which can take several days or even weeks.
For those who are denied, the insurance company must provide the applicant with a written explanation outlining the reason for the denial. In some cases, applicants may also be able to appeal the decision if they feel the denial was incorrect.
In short, the overall timeline from application to approval or denial for long-term care insurance can vary widely, so it's important to understand all the steps involved and allow yourself enough time before you need the coverage to ensure a smooth and successful application process.
How Long Does It Take to Get Approved for Long-Term Care Insurance?
It is important to understand that the process of getting approved for a long-term care insurance policy can vary greatly in terms of length, depending on the individual's circumstances. Typically, it takes between four to eight weeks to get approved for a policy. However, there are certain steps that could potentially cause delays, such as needing to provide additional medical information or proof of financial stability.
The first step towards being approved for a long-term care insurance policy is filling out the application form, which may require multiple documents such as proof of identity and a list of current medications. After submitting the application, the insurance company will typically take from two to four weeks to review the information and make a decision about whether to approve or deny coverage.
If the insurance company requires any additional information to complete the application, it may take longer than expected. They may also request a medical examination if they deem it necessary. Once all the required information has been supplied and the policy is approved, you will then be issued the policy and can begin taking advantage of its benefits.
In short, the exact timeline for approval for a long-term care insurance policy will depend on the individual and the insurance company's processes. It is important to do your research and choose an insurer with a good reputation that can provide quick and efficient service.
When deciding to buy long-term care insurance, it is important to consider and understand the potential pitfalls of purchasing this type of insurance. There are certain traps and hidden costs that can be associated with long-term care insurance, and it is important to be aware of them in order to ensure you get the best deal.
Below are some traps to look out for when buying LONG-TERM CARE INSURANCE:
- Hidden Fees: Long-term care insurance policies may come with a range of hidden fees, such as surrender charges, administrative fees, or inflation riders. Be sure to ask about all potential fees when shopping around for a policy.
- Misleading Coverage: Many insurance companies will offer policies that appear to have generous coverage but may not actually provide the protection they promise. Be sure to read the fine print before signing up for any policy.
- Incomplete Policy Information: Some policies may provide incomplete or incorrect information about coverage limits, eligibility requirements, or exclusions. Make sure you understand exactly what your policy covers and what it does not.
- Exclusionary Policies: Some policies may exclude certain types of care or services. Make sure you know what is covered and what is not in order to avoid any surprises down the road.
It’s also important to research the company you are considering buying from. Check ratings and reviews from other customers to make sure the company is reputable and has a good track record of providing quality service and protection.
By doing your research and understanding the potential traps when buying LONG-TERM CARE INSURANCE, you can ensure that you get the best deal and the coverage you need.
When shopping for LONG-TERM CARE INSURANCE, it is important to know what pitfalls and traps to look out for. There are several hidden costs or loopholes that could be costly if you are not aware of them.
Some common problems when buying LONG-TERM CARE insurance include:
- Failing to understand the details of a policy: When purchasing LONG-TERM CARE insurance, it is essential to read and understand the details of the policy. Make sure you know what the insurance covers and doesn’t cover, so you’ll be prepared for any unexpected costs.
- Not asking enough questions: Don't be afraid to ask questions when buying LONG-TERM CARE insurance. Be sure to ask about coverage limits, deductibles, exclusion, and renewal terms before signing on the dotted line.
- Choosing the wrong coverage: Make sure the coverage you select meets your needs. It may be tempting to buy a cheaper plan with fewer benefits, but this could leave you without adequate coverage.
- Forgetting to shop around: Take time to shop around and compare different policies. Compare premiums, coverage options, and customer service ratings before selecting the right insurance provider for you.
By avoiding these common pitfalls when buying LONG-TERM CARE insurance, you can ensure you're getting coverage that meets your needs without spending more than you have to.
It can be hard to make the decision to invest in long-term care insurance, as it’s an expensive and sometimes complex purchase. Fortunately, there are alternatives to long-term care insurance that can provide some of the same benefits without breaking the bank.
The most popular alternatives to long-term care insurance are retirement savings, life insurance policies, reverse mortgages, and Medicaid. Depending on your financial situation and individual needs, one or more of these options may be ideal for you. Here is a breakdown of each of these alternatives:
Retirement Savings: Retirement savings accounts such as IRAs and 401(k)s can be used to cover the cost of long-term care. However, if you withdraw money from them early, you may be charged high taxes and penalties.
Life Insurance Policies: Certain types of life insurance policies may provide coverage for long-term care. Policies vary, but this type of insurance typically covers a percentage of your long-term care costs.
Reverse Mortgages: A reverse mortgage is a loan that allows homeowners aged 62 and older to borrow against the value of their homes. This loan can be used to cover the cost of long-term care.
Medicaid: Medicaid is a state and federal program that provides health coverage for people with low incomes and limited resources. It covers long-term care in some cases, though the requirements and coverage details vary by state.
No matter which approach you choose, it’s important to weigh your options and understand the associated risks. It’s also important to keep in mind that the best time to buy long-term care insurance is when you are in good health, as rates increase as you age or if you have any pre-existing medical conditions.
Alternatives to Long-Term Care Insurance
For those who are considering a LONG-TERM CARE INSURANCE policy but are unsure if it is the right choice for them, there are some alternatives they may want to look at. Each of these alternatives has their own pros and cons, so it is essential to carefully consider which one is best suited for an individual’s unique situation.
- Self-Insuring: Self-insuring involves setting aside money in a separate account specifically for potential long-term care costs. This could be done by annually putting aside money or making regular deposits into an account. While this option does not require paying for premiums, it does require a potentially large outlay of money all at once, and there is no guarantee that this money will cover all of the costs associated with long-term care.
- Retirement Savings Accounts: Retirement savings accounts can be used to pay for long-term care costs. Some retirement plans even have specific options for covering long-term care expenses. This option alleviates the need to pay costly premiums but withdrawals can be taxed, meaning the individual may end up paying more out-of-pocket.
- Life Insurance Policies: Life insurance policies can be used to fund long-term care needs. Some policies allow the policyholder to access a portion of the death benefit to cover long-term care costs while still leaving money to beneficiaries. However, this option is only available for those who are able to qualify for life insurance and there may be a significant waiting period before benefits can be accessed.
Ultimately, when choosing between these alternatives or LONG-TERM CARE INSURANCE, it is important to weigh the pros and cons of each option and assess which one is best suited to meet an individual’s particular needs. That being said, it is generally recommended to purchase LONG-TERM CARE INSURANCE as soon as possible as the costs increase with age.
Long term care insurance is a wise investment for those looking to protect their finances in the event they need long-term care. Buying long term care insurance can be a complicated process and there are many factors to consider when making the decision. Understanding the benefits of long term care insurance, identifying who should consider purchasing it, knowing when the best time to buy it is, how much it costs, the various coverage options, what to look for in a provider, and what the application process entails are all important questions to ask before buying. It is also important to be aware of any potential pitfalls when purchasing long-term care insurance and to explore available alternatives.
Ultimately, the ideal time to purchase long-term care insurance depends on each individual’s health and financial situation. The younger and healthier you are, the better rates you can find on your policy. However, it is important to weigh the cost of long-term care insurance versus the potential risks of not having it. With careful consideration and research, finding the right long-term care insurance plan can provide peace of mind and help protect your finances in the future.
Long-term care insurance is an important decision that requires careful thought and consideration. When it comes to purchasing long-term care insurance, there are a few important points to keep in mind.
First, consider the benefits of long-term care insurance. This type of insurance can help protect your finances if you need long-term care, by providing financial assistance for things such as nursing home care, assisted living, and home health care. Additionally, selecting the right LONG-TERM CARE INSURANCE provider is essential as this can determine the level of coverage and the quality of service you receive.
Second, think about who should consider buying LONG-TERM CARE INSURANCE. Generally, people over the age of 50 may benefit from this type of insurance. However, it is important to consider other factors including your health, financial situation, and potential need for long-term care.
Third, consider WHEN TO BUY LONG-TERM CARE INSURANCE. In most cases, it is best to purchase LONG-TERM CARE INSURANCE earlier rather than later, as the cost may go up with age. Additionally, it is important to understand the costs associated with this type of insurance and determine how much coverage you need.
Fourth, think about the different coverage options for LONG-TERM CARE INSURANCE. Make sure you review the limits and deductibles associated with the coverage offered by each provider in order to make an informed decision.
Finally, research the different providers available and take into account any possible pitfalls when purchasing LONG-TERM CARE INSURANCE. Additionally, if you do not wish to purchase LONG-TERM CARE INSURANCE, there are alternatives available, such as self-funding.
By considering these points, you can make an informed decision about WHEN TO BUY LONG-TERM CARE INSURANCE and ensure that you have the right coverage for your individual needs.