Term Life Insurance
A fixed amount for a fixed number of years, at the lowest cost per dollar of cover.
Read more →Life & Health
Long-Term Care
Cover for extended personal care at home, in assisted living or in a facility.
What this cover does
Long-term care is help with everyday activities rather than medical treatment, which is why health plans and Medicare cover very little of it. The cost of a few years of care is high enough to reshape an estate, and it falls hardest on whichever family member becomes the unpaid carer.
Typically included
- Home care, including a paid carer in your own home
- Assisted-living and residential facility costs
- Adult day care and respite care
- Care coordination and assessment
- Cognitive impairment including dementia
Common add-ons
- Inflation protection to keep the benefit meaningful
- Shared-care benefits between spouses
- Hybrid policies combining life cover with care benefits
- Return-of-premium on hybrid designs
Questions
What people ask about long-term care
Does Medicare pay for this?
Only briefly, and only for skilled nursing after a qualifying hospital stay. Custodial care — help with bathing, dressing and eating — is not covered. Medicaid pays only after assets are largely spent down.
Why buy before I need it?
Cover is medically underwritten. A diagnosis of cognitive decline or a recent fall history can make you uninsurable. Premiums also rise sharply with age at issue.
What is a hybrid policy?
Life cover with a long-term care rider. If care is never needed the death benefit is still paid, which answers the common objection to traditional policies that pay nothing if you stay well.
Often taken together
Related cover
Whole Life Insurance
Permanent cover with a guaranteed death benefit and a cash value that builds.
Read more →Quote Long-Term Care
Tell us what you already have and we will show you where this fits — or tell you plainly that you do not need it.