Long Term Care Insurance
Protect Your Retirement From Long-Term Care Costs
The average nursing home costs over $90,000 per year. Without a plan, those costs can quickly deplete a lifetime of savings. Long term care insurance helps protect what you have worked for.
The Basics
What Is Long Term Care Insurance?
Long term care insurance pays benefits when you can no longer perform basic daily activities on your own, such as bathing, dressing, eating, or mobility, due to a chronic illness, disability, or cognitive impairment like Alzheimer's.
It covers care in nursing homes, assisted living facilities, memory care units, or even your own home.
What It Covers
Why It Matters
Why Long Term Care Insurance Matters
Protect Your Retirement Savings
Without coverage, one extended care event can exhaust savings meant to last decades. Long term care insurance helps preserve what you have built.
Stay in Control
A policy gives you choices about where and how you receive care rather than relying on what Medicaid allows. You decide the type of care and setting.
Reduce the Burden on Family
Many family members become unpaid caregivers when a loved one needs long-term care. LTC insurance helps ensure professional care is available.
Plan on Your Terms
The best time to apply is before you need it, while you are still healthy and premiums are most affordable. Early planning means more options.
Is This Right for You?
Who Long Term Care Insurance Is For
Adults ages 40 to 65 planning ahead
People with retirement savings to protect
Those who want to age in place at home
Couples wanting to protect each other
People whose parents needed long-term care
Professionals with assets to preserve
Simple Process
How It Works
01
Assess Your Situation
Consider your health, family history, retirement savings, and what type of care you would want if needed.
02
Design Your Plan
Work with a licensed advisor to compare policies, benefit periods, elimination periods, and inflation protection options.
03
Coverage Protects You When Needed
If you cannot perform two or more daily living activities or have a cognitive impairment, your benefits become available.
Timing Matters
Why Planning Ahead Matters
Long term care insurance premiums are based on age and health at the time you apply. The earlier you lock in coverage, the more affordable it typically is.
70%
of people turning 65 will need some form of long-term care in their lifetime.
U.S. Department of Health and Human Services
Get Started
Get Your Free Long Term Care Review
Takes 2 minutes. A licensed advisor personally reviews every request.
Common Questions
Frequently Asked Questions
What triggers long term care benefits?
Most policies pay when you cannot perform 2 of 6 Activities of Daily Living (ADLs) such as bathing, dressing, eating, toileting, transferring, or continence, or when you have a cognitive impairment like Alzheimer's disease.
Does Medicare cover long-term care?
Medicare only covers limited short-term skilled nursing care after a qualifying hospitalization. It does not cover custodial care, which is the ongoing assistance with daily activities that most people need long-term.
What is the elimination period?
Like a deductible measured in time (typically 30 to 90 days), you cover costs out of pocket before benefits begin. A longer elimination period typically results in lower premiums.
Can I still qualify if I have health conditions?
Eligibility depends on the carrier and your specific health history. Some conditions may be excluded or affect premiums, while others may not disqualify you. An advisor can help identify which carriers may offer you coverage.
Is there an inflation protection option?
Yes. Many policies offer an inflation protection rider that increases your benefit amount over time to account for rising care costs, which is especially important if you purchase coverage years before you expect to use it.
Take the Next Step
Start Planning Today
The earlier you plan, the more options you have and the more affordable coverage will be. A licensed advisor can review your situation at no cost and no obligation.
Get a Free Long Term Care Review