Long term care insurance can be a great way to fund long term care. However, sometimes folks don’t look into it until the premiums are too high because of age or health condition. It is wise to look into this type of insurance early while it is still affordable. Long-term care insurance can be purchased on its own or as a rider on a life insurance policy or other investment.

Long-term care insurance policies reimburse policyholders a daily amount (up to a pre-selected limit) for services to help them with activities of daily living such as bathing, dressing, or eating. It may be possible select a range of care options and benefits that allow you to get the services you need, where you need them. It is also important to be aware that premiums may increase over time.