M&T Bank : Long-Term Care Insurance
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Long-Term Care Insurance

Long-term care insurance is designed to help ease the burden of expensive long-term care, such as nursing homes, rehabilitation facilities and home-health care. The money provided by long-term care insurance can help preserve the assets you've worked so hard to build for yourself and for your loved ones. It may also put you in a better position to choose the type of care you want without compromising your independence.

Costs for long-term care may exhaust your retirement assets. Just one year in a nursing home facility can wipe out years of your hard work and planning. Home care is becoming a popular option, but skilled home services are also very costly. Unfortunately, many people overestimate the role that Medicare and Medicaid can play in covering these costs.

Benefits of Obtaining Long-Term Care Insurance
Here are just a few of the benefits long-term care insurance can provide:

  • Helps protect and maintain control of the assets you’ve worked so hard to acquire
  • Improves the chances of getting the care of your choice
  • Transfers some of the risk of high cost care to the insurance company

Long-Term Care Insurance Features
Tax laws provide advantages to purchasing long-term care insurance. For example, your premiums, within limits, may be itemized as a tax-deductible medical expense. Consult your tax advisor to find out how this applies to your particular situation.

Like most insurance products, your annual premiums are generally lower if you purchase a long-term care policy when you are younger and in good health.

Contact Us
To schedule an appointment to discuss your long-term care insurance options, simply call us toll-free at 1-800-724-9949 or visit your nearest M&T branch. You can also get started on your personal or business insurance coverage right now, online.

Investment and Insurance Products: • Are NOT Deposits • Are NOT FDIC-Insured • Are NOT Insured
By Any Federal Government Agency • Have NO Bank Guarantee • May Go Down In Value

Brokerage services and insurance products are offered by M&T Securities, Inc. (member FINRA/SIPC), not by M&T Bank.
M&T Securities, Inc. is licensed as an insurance agent and acts as agent for insurers. Insurance policies are obligations of the insurers that issue the policies. Insurance products may not be available in all states.
The content of this page is for informational purposes only and is not intended to offer any tax, legal or financial advice. Please consult with the professionals of your choice to discuss your situation.
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