Long-term care refers to a range of services designed to help individuals with chronic illnesses or disabilities who cannot care for themselves for an extended period of time. It includes assistance with activities of daily living such as bathing, dressing, and eating. Long-term care is important because it provides support and assistance to individuals who need help with daily tasks and medical care.

The costs of long-term care are rising due to several factors, including an aging population, increasing demand for services, rising healthcare costs, and a shortage of caregivers. As the number of individuals in need of long-term care continues to grow, the costs associated with providing these services also increase.

Insurance can help alleviate the financial burdens of long-term care by providing coverage for the costs associated with these services. Long-term care insurance policies typically cover expenses such as nursing home care, assisted living facilities, and in-home care. By having long-term care insurance, individuals can protect their assets and ensure they have the financial resources needed to receive the care they require.