Long-Term Care Insurance

Plan ahead before care becomes
a crisis.

70% of Americans turning 65 will need some form of long-term care. Without a plan, those costs can devastate retirement savings in months.

✓ ✓ Buy on your budget
✓ ✓ With a licensed agent
Your choice, always.
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Average Annual Long-Term Care Costs

In-home care (44 hrs/wk)
$61,776
/year
Assisted living facility
$64,200
/year
Nursing home (semi-private)
$94,900
/year
Nursing home (private room)
$108,405
/year

Source: Genworth Cost of Care Survey. Costs increase ~3% annually.

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Covers home, assisted living & nursing care
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Traditional & hybrid policies
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Help at (888) 804-8590

The Reality

Long-term care is the retirement expense almost no one plans for

A single year in a nursing home can cost more than $100,000. Most people have no plan to pay for it.

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70% of Americans will need it

7 in 10 people turning 65 today will require long-term care services at some point in their lives.

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Average care need: 3 years

The average person needs long-term care services for about 3 years, with women typically needing care longer than men.

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Medicare won’t save you

Medicare only covers short-term skilled nursing care — not ongoing custodial care. Without insurance, costs come out of your savings.

Coverage Types

Three ways to protect yourself from long-term care costs

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Traditional LTC Insurance

A dedicated policy that pays a monthly benefit when you need qualifying care services.

✓Lowest premium for pure LTC coverage
✓Flexible benefit amounts & periods
✓Covers home, facility & memory care
⭐ Most Popular
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Hybrid LTC + Life Insurance

A life insurance policy with a long-term care rider. If you never need care, beneficiaries receive the death benefit.

✓Benefits paid whether or not you need care
✓Premiums typically guaranteed — no increases
✓No “use it or lose it” concern
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In-Home Care Coverage

For those who want to age in place. Covers in-home health aides, adult day services, and home modifications.

✓Prioritizes staying in your own home
✓Covers personal care aides & housekeeping
✓Often lower cost than full facility coverage
Timing Matters

The best time to buy is before you need it

Health conditions that develop in your 60s and 70s can make you uninsurable — or dramatically raise your premiums.

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Ages 50–59

The ideal window

Premiums are most affordable, health requirements are easier to meet, and you lock in coverage before conditions develop.

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Ages 60–69

Still a good time — act soon

Coverage is still available for healthy individuals, but premiums are noticeably higher. Hybrid products become more attractive.

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Ages 70+

Limited options — explore alternatives

Traditional LTC becomes difficult to qualify for and expensive. Hybrid and short-term care policies may still be available.

Lock in your rate while you’re healthy.

LTC insurance premiums are largely determined by your age and health at the time you apply. Every year you wait, rates increase — and health conditions can disqualify you entirely.

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Rates rise 8–10% per year of delay on average for traditional LTC policies
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44% of applicants aged 70+ are declined coverage due to health
💰
A 55-year-old pays roughly half what a 65-year-old pays for the same coverage
Know the Gap

What Medicare covers — and what it doesn’t

Many people assume Medicare will cover their long-term care needs. It won’t.

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Medicare Does NOT Cover

✗Ongoing custodial care (bathing, dressing, eating)
✗Long-term assisted living facility costs
✗Nursing home care after 100 days
✗In-home personal care (unless also skilled care)
✗Memory care facilities
✅

LTC Insurance DOES Cover

✓Ongoing custodial care at home or in a facility
✓Assisted living & memory care facilities
✓Extended nursing home stays
✓In-home health aides & personal care
✓Caregiver support & respite care
Common Questions

Disability insurance — FAQ

Long-term care insurance covers the cost of services that help you with daily activities — bathing, dressing, eating — when you can no longer do them independently. It pays for care at home, in assisted living, or in a nursing home.
The best time to buy is in your 50s, while you are healthy and premiums are lower. Waiting until your 60s or 70s means significantly higher costs — and the risk of being declined due to health conditions.
A hybrid policy combines life insurance (or an annuity) with a long-term care benefit. If you need care, the policy pays for it. If you never need care, your beneficiaries receive the remaining death benefit.
Yes. With Quote-Bot you can explore options and get a quote on your own — or connect with a licensed agent if you’d prefer guidance. The choice is always yours.