What is long term insurance?
Long-term care insurance, often abbreviated LTC or LTCI, goes a step beyond what standard health insurance covers.
A long-term health care policy helps to pay for necessary care when you are unable to care for yourself.
It generally covers services such as home care, assisted living, and nursing home facilities. It's a way to protect you and your family's assets, and financial future, while also providing care you may need if you ever become incapacitated.
Specific benefits will depend on your insurance provider.