Plan ahead so your family does not have to.
Long-Term Care
Long-term care is one of the most significant financial risks in retirement. Planning for it now protects your savings — and your family.
The conversation most families avoid
Nearly 70% of people turning 65 will need some form of long-term care. The average cost of a nursing home exceeds $90,000 per year. Without a plan, these costs can devastate a lifetime of savings and force difficult decisions on the people you love most.
What you need to know
What Long-Term Care Covers
Long-term care insurance covers services that help with daily activities — bathing, dressing, eating — when illness, injury, or cognitive decline makes them difficult. This includes home care, assisted living, and nursing home care.
Traditional LTC Insurance
Standalone long-term care policies offer comprehensive coverage with flexible benefit periods and inflation protection. Premiums can increase over time, which is a consideration.
Hybrid Life and LTC Policies
Hybrid policies combine life insurance with long-term care benefits. If you need care, the policy pays for it. If you do not, your beneficiaries receive a death benefit.
Does Medicare Cover Long-Term Care?
Medicare covers short-term skilled nursing care after a hospital stay, but does not cover custodial care — the kind most people need. Medicaid covers it, but only after you have spent down most of your assets.
Who should plan for long-term care?
People in their 50s
The best time to buy LTC coverage is in your 50s — before health issues arise and while premiums are still manageable.
Those with family history of chronic illness
Alzheimer's, Parkinson's, and other conditions run in families. Planning ahead is especially important.
Married couples
A long-term care event can devastate the healthy spouse's finances. Shared-care policies can protect both.
Anyone who wants to protect their retirement savings
Long-term care costs can quickly erode a lifetime of savings. Insurance transfers that risk.
Common questions
Answers to what most people wonder about.
Explore more topics
Give your family the gift of a plan.
A conversation today can prevent a crisis tomorrow. Let us help you understand your long-term care options.