Long-term care plans are designed for people who are unable to conduct daily duties on their own owing to chronic disease, accident, disability, or the aging process.

Long-term care insurance covers recurring periods of support for one year or more in a nursing home, assisted living facility, or in the comfort of your own home. The cost of long-term care insurance is determined by :

• When you get a long-term care policy, how old are you?
• The most that the policy will pay per day
• A policy’s maximum number of days or years of coverage.
• The maximum amount per day multiplied by The number of days affects the policy’s lifetime maximum payout.