Long-term care insurance can help protect your assets and savings from being depleted by the high costs of long-term care services. Without insurance, you may have to rely on your own funds to cover these expenses, which can quickly eat into your financial security.

Long-term care insurance typically covers services such as nursing home care, in-home care, assisted living facilities, and adult day care. It can also cover services like physical therapy, occupational therapy, and other medical services needed for long-term care.

It is recommended to consider purchasing long-term care insurance in your 50s or early 60s when you are still in good health. Premiums are generally lower when you are younger and healthier, making it a more affordable option to secure your financial future.

Long-term care insurance can provide peace of mind to your family knowing that you have a plan in place to cover the costs of long-term care services. It can also help relieve the financial burden on your loved ones and allow them to focus on providing emotional support during difficult times.