What Is Long Term Care Insurance?

Long Term Care (LTC) insurance covers the costs of care services when you can no longer perform basic activities of daily living (ADLs) — such as bathing, dressing, eating, or moving — due to chronic illness, disability, or cognitive impairment such as Alzheimer's disease.

The financial impact of long-term care can be devastating. The average nursing home care can cost $80,000-$100,000+ per year, and in-home care is not far behind. Without proper planning, these costs can quickly deplete a lifetime of savings.

SecureLife's LTC insurance policies help you preserve your assets, protect your family from caregiving burdens, and ensure access to quality care — whether at home, in an assisted living facility, or in a skilled nursing facility.

Key Benefits

In-Home Care Coverage

Receive benefits for professional caregivers who come to your own home, maintaining your independence.

Assisted Living Coverage

Benefits extend to assisted living facilities, memory care units, and continuing care retirement communities.

Nursing Facility Care

Coverage for skilled nursing facilities ensures you receive comprehensive medical care when needed.

Asset Protection

Shield your retirement savings, home equity, and investments from being depleted by catastrophic care costs.

Family Relief

Remove the physical and financial burden of caregiving from your loved ones so they can remain family.

Inflation Protection

Optional inflation riders ensure your benefit amount keeps pace with rising care costs over time.

Who Is It For?

Long-term care insurance is a critical planning tool for anyone who wants to protect their wealth and maintain their dignity as they age.

Adults aged 50-65 planning for retirement
Individuals with a family history of chronic illness or dementia
Those with retirement assets they want to protect
People who want quality care without burdening family
High-income earners who would be ineligible for Medicaid
Individuals in relatively good health — premiums increase with age and health decline

How It Works

Consultation and Assessment

Your advisor reviews your financial situation, health, and retirement goals to determine the right benefit level.

Policy Customization

Select your daily benefit amount, benefit period, elimination period, and optional inflation protection riders.

Underwriting and Approval

Complete a health questionnaire and brief cognitive assessment. Apply before health issues arise.

Benefits Activated When Needed

When you cannot perform two or more ADLs, or are diagnosed with cognitive impairment, benefits are triggered.

Frequently Asked Questions

When should I buy long-term care insurance?

The ideal time to purchase LTC insurance is in your 50s, while you are still in good health and premiums are relatively affordable.

Does Medicare cover long-term care?

Medicare provides very limited long-term care coverage — typically only short-term skilled nursing care following a hospitalization. It does not cover custodial or personal care services.

What is the elimination period?

The elimination period is the number of days (typically 30-90 days) you must pay for care out-of-pocket before your LTC insurance benefits begin.

What if I never use my long-term care benefits?

Some policies offer a return-of-premium or shared care rider. Hybrid life/LTC policies provide a death benefit if LTC benefits are never used.

Long Term Care Insurance