Long-Term Care Insurance

Protect What You've Spent
a Lifetime Building

Over 70% of Americans turning 65 today will need some form of long-term care. Without a plan, one year in a nursing home can cost $100,000 or more — and Medicare covers almost none of it.

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70%
of Americans turning 65 will need LTC
$100K+
average annual nursing home cost
3+ yrs
average duration of care needed
$0
Medicare pays for most long-term care
Why It Matters

The Gap Most Financial Plans Miss

Medicare covers short-term skilled nursing only. Medicaid requires you to spend down nearly everything first. A well-structured LTC policy bridges that gap — protecting your savings, your family, and your ability to choose where you receive care.

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Stay in Your Home Most people want home care. A good policy gives you that choice rather than defaulting to the least expensive option.
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Protect Your Assets Without coverage, care costs can quickly erode a lifetime of savings. LTC insurance preserves what you've built.
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Protect Your Family Without a policy, the burden of caregiving — physical, emotional, and financial — often falls on adult children.
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Plan While You Can Qualify Health determines eligibility. The best time to act is in your 50s or early 60s — before a health event closes the door.
Coverage Options

The Four Types of Long-Term Care Coverage

As an independent agent, I'm not tied to any single company. I work with the nation's top-rated carriers to find the solution that best fits your health, budget, and goals.

1
Traditional (Stand-Alone) LTC Insurance
Dedicated coverage — maximum benefit for the premium paid
Best for: Individuals in good health who want the highest possible benefit pool for the lowest premium.

A dedicated policy built solely to pay for long-term care services — home care, assisted living, memory care, or nursing home. All premiums fund one purpose.

  • Customizable benefit pool — you choose your monthly benefit amount, benefit period (2 years to unlimited), and elimination period (30–90 days)
  • Inflation protection riders — 3% or 5% compound growth keeps your benefit in line with rising care costs
  • Most cost-efficient — typically the largest benefit for the dollar compared to hybrid options
  • "Use it or lose it" — like home or auto insurance, premiums are not returned if you never make a claim
2
Hybrid (Asset-Based) LTC Insurance
Combines LTC coverage with life insurance or an annuity
Best for: Those who want guaranteed value from their premium — regardless of whether they ever need care.

Hybrid policies solve the "use it or lose it" concern by attaching LTC benefits to a permanent life insurance policy or annuity. Your money serves one of three purposes:

🏥 If You Need CareA leveraged benefit pool pays for qualified LTC expenses
🎁 If You Don'tA tax-free death benefit passes to your beneficiaries
💰 If You Change Your MindMost policies return your premium or offer cash surrender value
  • Guaranteed premiums — locked in permanently; no future rate increases
  • Flexible funding — single lump sum or limited pay periods (5 or 10 years)
  • Often easier to qualify — simplified underwriting compared to traditional stand-alone policies
3
Life Insurance with an LTC Rider
Two protections in one streamlined policy
Best for: Clients who already need permanent life insurance and want to layer in LTC protection without a second policy.

A Long-Term Care Rider added to a Whole Life or Universal Life policy lets you access a portion of your death benefit early to pay for qualified care.

  • Accelerated death benefit — tap your life insurance payout early when care is needed
  • One policy, two purposes — simplifies your financial plan and reduces paperwork
  • Death benefit reduction — any LTC funds used reduce what passes to your heirs, so planning the right split matters
4
Annuities with LTC Riders
Turn existing savings into a guaranteed care benefit
Best for: Individuals who have existing savings or CDs they want to reposition into an asset that provides both growth and LTC protection.

An annuity with a Long-Term Care rider allows you to fund your LTC benefit using a lump-sum deposit — often money already sitting in a savings account, CD, or non-qualified investment. Your principal grows tax-deferred, and if care is needed, the rider multiplies your available benefit significantly.

  • Leverage your existing assets — a single deposit is amplified into a much larger LTC benefit pool, often 2–3× your original premium
  • Tax-deferred growth — your annuity value grows without annual taxation until you withdraw
  • No "use it or lose it" — if you never need care, your annuity value and any remaining death benefit pass to your beneficiaries
  • Simplified underwriting — easier to qualify for than traditional stand-alone LTC policies, making it a strong option for those with some health concerns
  • Flexible access — many contracts allow penalty-free withdrawals for care expenses from day one
Common Questions

Frequently Asked Questions

Here are the questions I hear most often. If yours isn't here, just reach out — there's never any obligation.

The ideal window is typically between ages 50 and 65. Premiums are significantly lower when you're younger and healthier, and you're far more likely to qualify medically. Waiting until your late 60s or beyond can mean much higher costs — or being declined coverage altogether. Acting while in good health gives you the most options and the best pricing.
It depends on where you live, your overall health, and your family situation. I model the current cost of care in your specific area and work through the right benefit amount, benefit period, and inflation protection for your plan. There's no one-size-fits-all answer — which is exactly why I take a consultative approach before recommending anything.
On traditional LTC policies, premiums can be increased by the carrier (though this requires state insurance department approval). On hybrid policies, premiums are typically locked in permanently. I'll walk you through the rate increase history of every carrier I recommend so you can make a fully informed decision — and I focus on carriers with strong rate stability track records.
The elimination period (typically 30, 60, or 90 days) is the waiting period after you begin receiving qualifying care before your policy starts paying benefits. Think of it as a time-based deductible — you cover the first 30, 60, or 90 days yourself. A longer elimination period generally lowers your premium, and is worth considering if you have savings to cover a short gap.
Yes — most modern LTC policies cover a wide range of care settings, including in-home care, adult day services, assisted living facilities, memory care units, and nursing homes. Most people prefer to receive care at home for as long as possible, and a well-structured policy gives you that flexibility rather than forcing you into a facility.
Good health is exactly the right reason to act now. You'll qualify easily and lock in the lowest possible premium. Long-term care needs are frequently triggered by accidents, strokes, or cognitive decline — not just gradual aging. Planning while you're healthy gives you every option available. Waiting takes options away.
"Glenn, I just want to tell you how much I have enjoyed the relationship we have built during this process. From the very first day I talked to you on the phone I felt like I was talking to a friend that had my interests at heart."
— Gary S., Auburn, AL
Why Glenn Fine

My Commitment to You

As an independent specialist with 21+ years of experience, I represent dozens of the nation's top-rated carriers. My only loyalty is to finding you the best product at the most competitive price.

No pressure. No jargon. Just a straightforward conversation about your goals, your health, and your options — and a clear recommendation you can feel confident about.

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