Long-Term Care Insurance

Protection for the Care You May Need Later

As people live longer, planning for future care becomes increasingly important. If you ever need assistance with daily living activities due to aging, illness, or cognitive decline, Long-Term Care Insurance can help protect your savings and provide financial support for that care.

What Is Long-Term Care Insurance?

Long-term care insurance is a type of coverage designed to help pay for extended care services that are not typically covered by regular health insurance or Medicare.

This coverage is intended for situations where a person needs ongoing help with everyday activities or supervision due to a chronic condition, disability, or cognitive impairment.

What Does It Cover?

Long-term care insurance may help cover services such as:

  • Nursing home care
  • Assisted living facility care
  • In-home care
  • Adult day care services
  • Memory care
  • Help with activities of daily living, such as:
    • Bathing
    • Dressing
    • Eating
    • Transferring
    • Toileting
    • Continence

Benefits vary by policy and may include limits on:

  • Daily or monthly benefit amounts
  • Benefit periods
  • Elimination periods
  • Covered care settings

HOW IT WORKS

  • You purchase a policy before care is needed
  • If you later qualify for benefits based on the policy terms, you can file a claim
  • After satisfying the elimination period, the policy helps pay for covered long-term care services
  • Benefits may reimburse eligible expenses or provide payment based on the policy structure

WHY CONSIDER LONG-TERM CARE INSURANCE?

Extended care can be expensive and may quickly affect retirement savings, family finances, and estate plans. Long-term care insurance helps prepare for those possibilities.

Key Benefits:

  • Protects savings – Helps reduce the need to pay entirely out of pocket
  • Supports care choices – May give you more flexibility in where and how you receive care
  • Reduces family burden – Helps ease emotional and financial strain on loved ones
  • Provides planning confidence – Adds protection to a long-term financial strategy

HOW IT DIFFERS FROM OTHER COVERAGE

It’s important to know how long-term care insurance compares to other policies:

Health Insurance
Covers medical treatment, not extended custodial care

Medicare
May cover limited short-term skilled care, but generally does not cover most long-term custodial care

Disability Insurance
Replaces income if you cannot work, rather than paying for long-term care services

Long-Term Care Insurance
Helps pay for ongoing care and support services when you need help with daily living activities

WHAT IS IT ALSO CALLED?

You may hear long-term care insurance referred to as:

  • LTC insurance
  • Long-term care coverage
  • Extended care insurance
  • Custodial care coverage

While the terminology may vary, the goal is the same: to help protect against the financial impact of extended care needs.

Who Is It For?

Long-term care insurance may be a smart solution for:

  • Adults planning for retirement
  • Individuals looking to protect assets and savings
  • Families concerned about future caregiving costs
  • People who want more control over future care options

A SMART PART OF RETIREMENT AND ESTATE PLANNING

Long-term care insurance can be an important part of a comprehensive financial strategy, complementing:

  • Medicare planning
  • Life insurance
  • Retirement income planning
  • Asset protection strategies

PLAN AHEAD FOR GREATER PEACE OF MIND

Needing long-term care may not be part of your plan—but preparing for it can make all the difference.

Long-term care insurance helps you face the future with more confidence, more choice, and more financial security.

Want to Learn More?

Contact us today to explore your options and find a plan that fits your needs.