Understanding Long-Term Care Insurance

A fact of life: Someday you may need long-term care.

That means you might need help at home with such basic daily activities as bathing, dressing and eating; community services like adult day care and transportation; or ongoing care in a nursing home, assisted living residence or other facility. 

One option to pay for such services is long-term care (LTC) insurance. But before you sign up for a policy, you have a lot to learn. The market has changed greatly in recent years.

Most notably, many of these policies have gotten more expensive for both new and existing policyholders, and the options have changed. More people are choosing policies that combine long-term care with other benefits.

https://www.aarp.org/caregiving/financial-legal/understanding-long-term-care-insurance/