Monthly Archives: May 2025

Can Long Term Care Insurance Help Pay Home Health Aides?

Long-term care insurance is specifically designed to assist individuals who require long-term care. It can help cover the costs of care in various situations, but there are a few things you need to understand about the coverage.

Types of Long Term Care Options in Colorado

Long-term care insurance can help cover the costs of various types of care to ensure you or a loved one receives the appropriate care you’re comfortable with. Common situations covered include:

  • In-Home Care: Coverage can help pay for assistance with daily activities, in-home nursing care, housekeeping, and other tasks.
  • Residential Facilities: Long-term care insurance can also help cover the costs of stays in nursing homes.
  • Assisted Living Communities: Assisted living communities provide long-term care for residents who need help with daily living tasks but can manage many things on their own. Communities may provide laundry, housekeeping, and meal services, but residents have more freedom than in a nursing home. Many have their own apartments.

The type of care covered usually depends on the specific policy. Some policies have exclusions regarding what type of care they will cover or how much. Always speak with an agent at Colling Insurance Services Inc. to ensure you understand your coverage.

The Waiting Period for Long Term Care

It’s common for long term care insurance policies in Lakewood, CO to have a waiting period, also known as an elimination period. This is the period that must pass before the policy will cover the costs of care. Many people must pay out of pocket for expenses until it kicks in.

The coverage provided often depends on your specific policy, but agents at Colling Insurance Services Inc. can help you understand what’s covered. We can also help you find the right policy to meet your needs. Contact us today to learn more. We’re currently serving the Lakewood, CO area.

Do You Need to Remove Someone from Your Life Insurance Policy?

Occasionally, the unthinkable happens. A trusted individual unforgivably betrays your trust. Perhaps they deceived you, stole from you, or did something that left a bitter taste in your mouth. Consequently, they’re no longer in your good graces, and you want them out of your life and your life insurance policy. It’s not enough to sever ties; you must take legal steps to ensure they don’t benefit from your demise. Otherwise, you might find yourself in a precarious situation, akin to a murder mystery game.

How to Remove Someone from Life Insurance

Firstly, removing an irrevocable beneficiary can be quite challenging. To do so, you need their written consent. However, if they’ve committed a crime, you might be able to get a court order to remove them. Otherwise, the process is straightforward. Contact your life insurance provider and request a change of beneficiary form. Fill it out, sign, date, and submit it. You might be able to do this online. Always confirm with your insurer that the change has been processed. You can then decide what to do with the share your former beneficiary would have received. Donating to a charity organization is a commendable option.

Colling Insurance Services Inc. – Your Trusted Insurance Agency in Lakewood, CO

If you reside in the Lakewood, CO, area and require life insurance, please contact us at Colling Insurance Services. We will connect you with a professional and friendly agent who is dedicated to helping you find the policy that best suits your unique needs.