Care or Companionship
Long Term Care
It’s not just what Long Term Care insurance can do for you, but what it can do for your loved ones.
Long Term Care Insurance Provides Options
There are many ways to pay for care when you need it and where you’d like to receive it.
A recent survey revealed 53% of adults age 50 or older think it’s unlikely they will need long term care (LTC) services in the future.1 In truth, more than 70% of retirees will need some LTC services—yet very few have a plan in place.2 Without proper planning, the burden of LTC often lands on family members.
Extended care can place enormous pressure on family members forced to become caregivers, often in their own homes. Nearly 25% of caregivers provide 40 hours of care or more per week, and another 35% provide care for more than 20 hours per week. More than half have intensive caregiving responsibilities that may include assisting with a personal care activity, such as bathing or feeding.3
Caregiving can have a devastating impact on caregivers’ finances and careers, with caregivers of older adults often suffering significant financial consequences with respect to both direct out-of-pocket costs and long term economic and retirement security. And the impact on caregivers reaches beyond finances. The emotional burden can be the most difficult aspect of providing LTC, leaving many caregivers suffering from feelings of isolation and stress.3
Planning for LTC can protect your family from the financial and emotional impacts of providing—or paying for—care. But the time to have these conversations is before care is needed. A key part of your plan may include LTC insurance that can help pay for care services rendered at home. Benefits can also cover home assistance and homemaking services provided by professionals, leaving more time for your loved ones to spend being with you rather than caring for you.
As you’re having these conversations, talk to one of our LTC Advisors. They’ll help you explore your options and can assist with the purchase of discounted coverage.
1 Long-Term Care; Are Older Adults Ready? National Poll on Healthy Aging. University of Michigan. www.healthyagingpoll.org/reports-more/report/long-term-care-are-older-adults-ready, May 1, 2025.
2Long-Term Care – An Update. National Council on Teacher Retirement. https://nctr.org/long-term-care-an-update/, March 27, 2025.
3AARP and National Alliance for Caregiving. Caregiving in the US 2025. Washington, DC: AARP. July 2025. https://doi.org/10.26419/ppi.00373.001
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