Funding LTC MarketplaceHow long-term care insurance works
Three ways to pay for long-term care with insurance
Medicare won't pay for most long-term care. Here are the three ways insurance can.
1. Traditional long-term care insurance: a stand-alone policy that pays only for qualifying care.
2. Hybrid life and long-term care: permanent life insurance with a care benefit. If care is never needed, a death benefit goes to your beneficiaries.
3. Annuity care: a deferred annuity paired with long-term care benefits, often funded from savings you already have.