Long-term care insurance helps cover the costs of extended care services when you are unable to perform Activities of Daily Living (ADLs) on your own—tasks such as bathing, dressing, or eating. This type of care might happen at home, in an assisted living facility, or a nursing home.

Here's the reality: traditional health insurance and Medicare don't cover most long-term care costs, which can easily exceed $50,000 per year. Long-term care insurance serves as a financial bridge, helping to protect your savings and providing you with more choices about where and how you receive care. While nobody likes thinking about needing this kind of help, having a plan in place can provide tremendous peace of mind for both you and your family.