Since its creation in the 1980s, long-term care insurance has had its share of problems. Early long-term care insurance policies had little in common with current products. High premiums and vague language, followed by misrepresentation and lack of education, proved to be very problematic. This mistrust led to the creation of many myths and misconceptions among the public, including the reasons people buy long-term care insurance, what the benefits include and who pays for it. However, with more strict regulatory laws and the recent government interest, long-term care insurance has become more prominent. Unfortunately, some people are still hesitant to trust long-term care insurance and the companies who sell the products, not understanding the strong benefits and protection the insurance policies can bring.

Please select a topic below.

• What is Long-term care?
• Who pays for long-term care?
• What is long-term care insurance?
• Who may need long-term care?
• Why should you buy long-term care insurance?
• How much do long-term care insurance policies cost?
• How can long-term care affect my retirement portfolio?