Long-Term Care Insurance:
Do I Need It? Guides & Research

Unfortunately, too many people get quotes for Long-Term Care Insurance from someone less experienced or who only works with one or two insurance companies. Thinking it costs too much, they give up. The need for a plan is a big part of a retirement plan for your family and finances. Revisit it now.

While the number of 401(k) millionaires is reaching record highs, the rising costs of long-term care can quickly erode these retirement savings. Without proper planning, including Long-Term Care Insurance, even a robust 401(k) may not be enough to cover the substantial expenses associated with aging and long-term care.

Many older adults wish to age in place, enjoying the comfort and familiarity of their own homes. Long-Term Care Insurance makes this possible by covering the costs of in-home care, modifications, and other necessary services, ensuring they receive quality care while staying where they feel most at home.

Hybrid policies offer benefits from both life insurance and Long-Term Care Insurance. This article discusses the different types of hybrid policies, how they work, and the pros and cons of buying these unique products.

More than half of Americans reaching age 65 today (over 56%) can expect to need long-term care at some point. This care may be due to chronic health problems, accidents, trouble getting around, or simply becoming frail with age. Without planning, the physical, emotional, and financial burden on families can be significant.