Long-term care insurance covers extended care — nursing home stays, assisted living, and in-home care — that health insurance and Medicare do not cover. Whether you need it depends largely on your net worth. With $3 million or more in liquid assets, self-insuring often becomes feasible, since an average long-term care event costs $200,000 to $500,000 over two to four years. Alternatives include hybrid life insurance policies with long-term care riders and LTC-linked annuities. Buying coverage in your 50s is typically the sweet spot for balancing premiums and eligibility. A wealth advisor can help you evaluate whether LTC insurance fits your overall plan.
We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.
