Long-Term Care Insurance
Protect your assets and ensure quality care when you need it most. Comprehensive coverage for nursing homes, assisted living, and in-home care.
What is Long-Term Care Insurance?
Long-term care insurance is designed to cover the costs of care when you can no longer perform everyday activities independently due to aging, chronic illness, or disability. Unlike health insurance or Medicare, LTC insurance covers custodial care—assistance with daily living activities like bathing, dressing, eating, and mobility.
With the average cost of nursing home care exceeding $100,000 per year, LTC insurance protects your retirement savings and ensures you receive quality care without burdening your family financially.
Understanding Long-Term Care Insurance
Watch this short video to learn how LTC insurance protects your assets and provides quality care when you need it most.
Understanding Long-Term Care Insurance: What You Need to Know
Listen to our comprehensive guide on long-term care insurance. Learn about coverage options, costs, and how to protect your assets and ensure quality care when you need it most.
Who Should Consider Long-Term Care Insurance?
Pre-Retirees (50-65)
Lock in lower premiums while you're healthy and protect your retirement savings from future care costs.
Asset Protectors
If you have significant assets to protect (home, investments, savings), LTC insurance prevents depletion from care costs.
Family Caregivers
Adult children planning for aging parents who want to avoid the emotional and financial burden of caregiving.
Business Owners
Entrepreneurs who need to protect business assets and ensure continuity if long-term care is needed.
Singles & Couples
Those without family nearby or who don't want to rely on children for care and financial support.
Key Benefits of Long-Term Care Insurance
Protect Your Assets & Legacy
Prevent the depletion of your life savings, home equity, and investments. Preserve your legacy for your children and grandchildren instead of spending it all on care costs.
Choice & Independence
Choose where and how you receive care—at home, in assisted living, or in a nursing facility. LTC insurance gives you options and control over your care decisions.
Relieve Family Burden
Spare your loved ones from the physical, emotional, and financial stress of providing care. Let professionals handle care while family focuses on being family.
Access to Quality Care
Receive professional care from trained caregivers and access better facilities. Insurance benefits open doors to higher-quality care options.
Tax Advantages
Premiums may be tax-deductible as medical expenses, and benefits are generally received tax-free. Consult with your tax advisor for specific details.
How Long-Term Care Insurance Works
Choose Your Coverage
Select your daily benefit amount (typically $100-$300/day), benefit period (2-5 years or lifetime), and elimination period (30-90 days). We'll help you customize coverage to your needs and budget.
Pay Your Premiums
Pay monthly, quarterly, or annual premiums to keep your policy active. Many policies offer inflation protection to ensure your benefits keep pace with rising care costs.
Trigger Benefits When Needed
Benefits are triggered when you can't perform 2 or more activities of daily living (ADLs) or have severe cognitive impairment. A licensed healthcare professional must certify your need for care.
Receive Care & Benefits
After your elimination period, your policy pays benefits directly to you or your care provider. Use benefits for approved care services in the setting of your choice.