Long-term care (LTC) is any personal assistance you need to maintain your quality of life as you get older. Chances are, you’ll need LTC at some point. The majority of us will.
In fact, 7 out of 10 people turning 65 will need LTC at some point in their lives.1 Long-term care insurance coverage can be added to a life insurance policy, either as a rider or linked benefit, to help cover LTC expenses.
Some people think that long-term care only covers nursing home expenses. In reality, half of all long-term care services are provided in the home. Long-term care coverage was developed to help offset the cost of these services.