Do I Need It?

Do I Need Long Term Care Insurance?

Long-term care insurance provides a monthly benefit to the family caring for a member who cannot perform two of the six activities of daily living. When you buy the insurance, you select the desired benefit term (number of years the benefit is paid) and dollar amount (monthly dollar amount). The insurance usually has a waiting period and starts 30 to 90 days after the person cannot complete two activities of daily living without assistance (dressing oneself, eating, going to the bathroom, bathe themselves, continence, walking independently).