Long-term care (LTC) insurance is coverage that provides nursing-home care, home-health care, and personal or adult daycare for individuals age 65 or older or with a chronic or disabling condition that needs constant supervision. LTC insurance offers more flexibility and options than many public assistance programs, such as Medicaid.
By the year 2050, nearly one-fifth of the world’s population will be over 65. Long-term care insurance for yourself or a loved one can help ensure you won’t run out of money before you run out of time.