Long-term care (LTC) insurance pays for extended assistance with daily living — nursing homes, assisted living, or in-home care — when you can no longer do 2+ activities of daily living on your own.
Long-term care (LTC) insurance pays for extended assistance with daily living — nursing homes, assisted living, or in-home care — when you can no longer do 2+ activities of daily living on your own.
About 70% of people turning 65 will need some form of long-term care. The average nursing home stay costs over $100,000 per year, and Medicare does not cover it. LTC is the single biggest uninsured risk in most retirement plans.
Hybrid life/LTC policies fix the "use it or lose it" problem of traditional LTC — if you never need care, your heirs get a death benefit instead. For healthy pre-retirees, hybrid is often the better structure.
Start with the free Retirement Readiness Score to see where you stand, then talk to a fiduciary if you want a second set of eyes. No pitch, no pressure.
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