As we continue to monitor the spread of COVID-19 (coronavirus), the health and safety of our policy holders and staff is our top priority. Based on recommendations from the CDC (Center for Disease Control) as well as the recommendations from the New York State Governor,  SEFCU Insurance Agency has made the decision to temporarily close our offices located at 469 State Street, 3rdFloor, Schenectady and 297 Main Street, Schoharie beginning Friday, March 20th until further notice. 

This temporary closure affects SEFCU Insurance Agency offices ONLY. 

During this time of uncertainty, you can rest assured knowing that SEFCU Insurance Agency will continue to meet the needs of our customers. Agents are available by phone as well as email to service your policies, offer quotes, and answer any of your questions. We will not be staffing our offices or accepting premium payments in person.

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4 reasons to consider long-term care insurance

May 17th, 2017

Planning for long-term care can be easy to put off for many reasons – maybe you think you are too young, won’t need it, or can’t afford it. If you want to protect your assets, maintain control of your family's financial security, and prepare for future long-term care costs, then long-term care insurance may be a valuable solution. Here are four reasons why it may make sense for you:

1. Increase your quality of life
Individuals with long-term care insurance receive on average 35% more hours of care than those without, and their care is more likely to address their needs than care received by the uninsured. 

2. Provide peace of mind to you and your caregiver(s)
43% of caregivers say a long-term care event negatively affected their health and well-being, and 88% of caregivers say their household income was reduced by an average of 34%.

3. Cover rising long-term care costs
In 2016 the median annual cost for a home health aid was $46,332 and the median annual cost of an assisted living facility was $43,539. 

4. Protect your assets
Compared to those without long-term care insurance, insureds reduce their out-of-pocket long-term care costs by between $3,000 and $5,000 a month (depending on the service setting).


Schedule your complimentary appointment with Sheila today

Our Certified Estate Planner and Long-Term Care Specialist, Sheila Cervera, is available at no cost to assist you with your long-term care planning needs. As a specialist in asset protection and long-term care insurance, she can evaluate your unique situation and help you navigate through your planning process.

Call Sheila at 888-250-6689 x2026 to request an appointment.


America’s Health Insurance Plans. “The Benefits of Long-Term Care Insurance and What They Mean for Long-Term Care Financing”. November 2014.
Beyond Dollars: The True Impact of Long Term Caring. Genworth Financial. 9/30/2010.
Genworth 2016 Cost of Care Survey, conducted by CareScout®, April, 2016.

For more information or to obtain a free, no-obligation quote please call our team at 518-786-9905 or 888-250-6689 (toll free).