👵 Long-Term Care Insurance

Explainer

Covers services like nursing homes, assisted living, and in-home care — costs not typically covered by Medicare.

Comparison: Standalone vs. Hybrid (with life insurance)

• Standalone: Lower cost, but premiums can rise
• Hybrid: Combines life + LTC, higher cost but guaranteed benefits

Guide: When to Consider Buying

• Usually between ages 50–65
• Earlier purchase = lower premiums

Trends in 2025

• Growth of hybrid life/LTC products
• Increased demand due to aging Baby Boomers
• More family caregiver support benefits