Long Term Care Insurance (LTCI)

LTC insurance benefits may be part of a life insurance or annuity policy, or contained in a freestanding LTC policy. Long-term care (LTC) insurance primarily pays for supervision or assistance with everyday tasks (such as bathing or dressing) when you have a physical impairment, or need supervision of these activities when you have a cognitive impairment such as dementia caused by Alzheimer’s disease. LTC takes place at home, in a community program, in an assisted living facility (ALF) or in a nursing home. LTC services are often provided by family members or nurses’ aides, and do not require the skilled care that nurses and doctors are licensed to provide.