Tailored insurance for your life and health.

It’s a policy that helps cover the costs of services for individuals who can no longer perform basic activities of daily living (ADLs)—like bathing, dressing, or eating—whether at home, in assisted-living, or a nursing facility.

These policies typically cover home health care, adult day care, assisted living, nursing homes, memory care, respite care, and sometimes home modifications or hospice.

Benefits usually start after two conditions are met:

1. You need help with a certain number of ADLs or have a cognitive impairment.
   
2. You’ve completed the elimination period—typically 30, 60, or 90 days.

An elimination period in LTC Insurance is a waiting period (30–365 days) before the policy pays benefits. Longer elimination periods generally result in lower premiums.

Premiums vary by age, health, gender, benefit amount, elimination period, and location. Example: a 55-year-old individual might pay ~$102 per month for $165,000 in benefits, while couples at age 55 pay around $2,080 annually.

Most experts recommend purchasing LTC insurance in your 40s to mid‑50s, when you’re healthier and premiums are lower. Waiting too long can make premiums unaffordable or coverage unattainable.

• Traditional LTCI: covers only long-term care.
• Hybrid policies: combine life insurance or annuity with LTC benefits.
• Life policy riders: add LTC benefits to a life insurance policy.

For traditional policies, you only get payouts if you use care (use-it-or-lose-it). Many hybrid policies include a death benefit or return-of-premium feature for unused coverage.

Yes. Tax-qualified LTC policies allow non-taxable benefits and may also allow you to deduct premiums (subject to IRS limits); benefits themselves are generally tax-free.

Medicare typically covers only short-term skilled nursing (up to 100 days). Medicaid covers long-term care only after you’ve spent down your assets—eligibility varies by state .

Yes. Most long-term care insurance policies offer flexibility in where you receive care—whether at home, in an assisted living facility, nursing home, or a licensed home health care provider. Some policies even offer international coverage depending on the carrier.

If you stop paying premiums and don’t have a nonforfeiture benefit or return-of-premium rider, your policy may lapse and you’ll lose coverage. Some hybrid or paid-up policies allow for partial benefits or refunds if you stop early.

Yes, some carriers offer shared-care rider options, allowing married couples to combine or share benefit pools. If one spouse exhausts their benefits, they may tap into the other’s unused balance.

Many traditional long-term care insurance plans require medical underwriting, including health questionnaires or phone interviews. However, hybrid policies or workplace group LTC plans may offer easier acceptance or limited underwriting.

If you have a traditional policy, benefits are only paid if you use care. However, hybrid policies often include a death benefit or cash value, so your premiums won’t be lost. This makes them a popular option for those concerned about “use-it-or-lose-it” scenarios.