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Long-Term Care Insurance

Preserve funds for your future long-term care costs while you’re still healthy by purchasing a Long-Term Care Insurance policy that is tailored to your budget, financial goals, and anticipated care needs.

Product Highlights:

  • Multiple policy options to choose from
  • Optional return of premium
  • Joint policy options available

This product works well for individuals who are:

Planning ahead for long-term care
At least 5 years away from requiring care

What Is Long-Term Care Insurance?

Long-Term Care Insurance (LTCI) is one of the most common advance planning tools. It provides future benefits in the event of a long-term care need and offers flexible policy options to fit your specific situation. Plus, LTCI benefits can be used for at-home care or an assisted living facility, which means you don’t have to go straight to the nursing home if you’re not ready.

Long-Term Care Insurance is available in either Traditional or Hybrid policies and can be issued to individuals up to age 86. The key, however, is that you must meet certain health criteria in order to qualify. Plus, if you are denied an LTCI policy, you may have trouble seeking coverage in the future. That’s why it’s so crucial to work with a long-term care planning professional to determine whether LTCI is right for you.



Traditional vs. Hybrid Long-Term Care Insurance

Traditional LTCI functions like a typical insurance policy where you pay monthly premiums in exchange for future benefits. Since it does not require a large lump sum investment, this type of LTCI is ideal for individual looking for a more affordable option. Traditional LTCI has no cash value, which means it can be used for a healthy spouse whose partner is seeking Medicaid benefits. It also offers state partnership protection, which allows you to protect additional assets if you exhaust your LTCI benefits and seek Medicaid eligibility in the future.


  • Affordable monthly premiums
  • Zero cash value
  • State partnership protection available

Hybrid LTCI, also known as asset-based LTCI, is a life insurance or annuity contract with long-term care benefits attached. This type of LTCI is typically funded with a lump sum, making it more appropriate for those with a higher net worth. Additionally, the policy value continues to grow over time. Hybrid LTCI often comes with a guaranteed death benefit in the event you pass away before requiring care, which counteracts the old “use it or lose it” mentality and is ideal for individuals who are concerned about losing out on their investment.


  • Lump sum investment
  • Value growth over time
  • Guaranteed death benefit available

LTCI Might Be Right for You If You:

  • Can move without using a wheelchair or walker
  • Do not require a respirator, dialysis machine, stairlift, or oxygen machine
  • Can eat, bathe, dress, toilet, and transfer into and out of bed without assistance
  • Have never been diagnosed with AIDS, HIV, or ARC
  • Have never been diagnosed or presented symptoms for Alzheimer’s disease, dementia, memory loss, multiple sclerosis, muscular dystrophy, ALS, or Parkinson’s disease
  • Are able to walk four blocks or climb two flights of stairs

Note: Even if this list applies to you, you may not automatically qualify for LTCI. Make sure you discuss your situation with a long-term care planning professional.

See It in Action!

View an example of how Long-Term Care Insurance works in practice. SEE A PLANNING EXAMPLE >
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Find Out If You Qualify for LTCI.
Call Senior Care Counsel (844) 412-4222