Long Term Care
Long-term care insurance helps cover the cost of services that assist with daily activities — like bathing, dressing, and eating — whether at home, in an assisted living facility, or a nursing home.
Why Long-Term Care Planning Matters
The average cost of a private nursing home room exceeds $90,000 per year. Medicare covers only short-term skilled nursing care, and Medicaid requires spending down most of your assets. Long-term care insurance protects your savings and gives you choices about your care.
Traditional vs. Hybrid Policies
Traditional LTC policies pay a daily or monthly benefit when you need qualifying care. Hybrid policies combine life insurance or an annuity with LTC benefits — if you never need care, your beneficiaries receive a death benefit, so the premium is never 'wasted.'
When to Buy
The best time to purchase long-term care coverage is in your 50s or early 60s, when premiums are lower and you're more likely to qualify medically. Waiting too long can result in higher premiums or disqualification due to health conditions.
Ready to Learn More?
Our independent advisors are here to answer your questions and find the right coverage for your needs.