Is Long-Term Care Right for You?

Long-term care coverage can help protect your independence and help you receive care in the environment most comfortable for you and your family.

In the year 2000, almost 10 million people needed some form of long-term care in the United States. Long-term care insurance can protect financial assets that may be needed for a spouse or planned inheritance.

Long-term care coverage may also give you access to better care and better facilities.

Some of the benefits of having long-term care insurance include:

Options for 100% home health care benefits

Opportunity for private room or additional care services at a facility outside of the home

Additional benefits for nursing homes, assisted living facilities, and continuing care retirement communities

Access to adult day care centers, transportation services, and home care agencies that provide services on a daily or as-needed basis

LTC coverage often includes care coordination benefits that can assist you and your family in finding the right resources during the time of your care

Today's Hybrid LTC Plans may be a better fit or alternative to traditional LTC Coverage for some, as they allow unused premiums or benefits to passed on to a beneficiary of your choosing

Some of the considerations for determining if long-term care insurance is right for you

A well-designed long-term care insurance policy may be one of the best financial decisions you'll ever make. It can play an important role in protecting your independence and giving you peace of mind and confidence that you have all the necessary resources to pay for quality care – where and when you need it.


  • Why you would want to buy long-term care insurance
  • Why you should NOT consider buying long-term care insurance
  • Things to consider
  • Should I consider a Hybrid Life/Long-term care plan

Why you would want to buy long-term care insurance

You have significant assets and income that you are concerned about protecting.

You don't have significant assets and income, but you don't want to rely on the Medicaid program.

You want to remain independent and not have to rely on family or friends for care.

You wish to guarantee you and your spouse will receive quality care, in the setting of your choice.

Why you should NOT consider buying long-term care insurance

You are already eligible for the Medicaid program and do not mind having limited choices.

The premiums would greatly affect your current lifestyle and be a financial burden to pay.

It's important to note that Long-term care insurance is not right for everyone.

Things to consider

Because today's long-term care insurance policies offer a variety of features and benefits, it pays to take your time when choosing your policy.

There are many things to keep in mind as you consider the right long-term care policy for you. For example, the benefits you receive in the future should be substantially more than the premiums you will pay in your lifetime. The plan should not be a “cookie-cutter” or generic one-size-fits-all approach. The policy should be customized to your specific personal and financial needs. And the premiums should be affordable, not only now but in the future as well.

Should I consider a Hybrid Life/Long-term care plan

These plans typically for higher net-worth people can offer a return of premium to a beneficiary when benefits are not used.

You are in safe hands

Enjoy financial protection that always comes with peace of mind.

Ⓒ 2024 Lifestyle Life. Formerly XML Insurance Group, all rights reserved.
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All written content on this site is for information purposes only. Opinions expressed herein are solely those of Lifestyle Life, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties' informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.