Planning for Long-Term Care Needs
August 21, 2025
As the cost of long-term care continues to rise, planning ahead has never been more important. Whether it is for yourself or a loved one, having a strategy in place can help protect your assets, reduce stress on your family, and arrange for the care you want—on your terms.
Depending on your situation, here are a few strategies you may want to consider:
1. Traditional Long-Term Care Insurance
This option provides dedicated coverage for services like home health care, assisted living, and nursing facilities. Policies typically offer monthly benefit amounts and coverage periods.
2. Hybrid Life Insurance with LTC Riders
These policies combine life insurance with long-term care benefits. If you do not use the LTC portion, your beneficiaries still receive a death benefit. It is a flexible solution that covers both care needs and legacy planning.
3. Asset-Based Solutions
Products like annuities or single-premium life insurance can be structured to provide long-term care benefits. These options often appeal to those who want to reposition existing assets while maintaining liquidity and control.
4. Employer-Sponsored or Group Plans
Some employers offer group LTC coverage, which may be more affordable and easier to qualify for than individual policies.
5. Self-Funding with a Plan
For high-net-worth individuals, setting aside a dedicated fund for future care—paired with a written care plan—can be a viable strategy.
No matter your age or financial situation, the key is to start planning early. Contact us and our experienced team will help you explore which strategy fits your goals and gives you an actionable plan for the future.