What Is The Long Term Care Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Long Term Care Insurance is insurance that would pay for your care if you had to go to a nursing home or hire other types of assistance, because you were unable to care for yourself. Long Term Care (LTC) policies of the past would only pay the benefit if the insured person had to go to a nursing home. But LTC polcies now can be purchased that would pay for someone to come into your home to care for you, or for you to attend Adult Day Care while the child you were living with was at work. LTC insurance also protects your assets from being liquidated to pay for long term care costs.
    Answered on May 25, 2013
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