What is long term care insurance?

Long-term care insurance (LTC) is a type of insurance that helps cover the cost of long-term care services, such as in-home care, assisted living, and nursing home care. It is typically purchased by individuals who want to protect their savings and assets from being depleted by the high cost of long-term care.

Long-term care insurance policies typically have a waiting period before benefits are paid out and may have limits on the amount of benefits that can be received. Long term care insurance can be sold as a standalone plan or as a combination plan with a life insurance policy.

Last updated: January 12, 2023

Get Help with Activities of Daily Living

LTC Insurance helps protect seniors who become no longer able to perform activities of daily living (ADL), such as eating, bathing, and getting dressed.

Get Help with Activities of Daily Living

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