Most people assume that they will live a long life. If they do, they may be more likely to have an extended illness as they get older. When you get sick and need care, will you have the protection that you need? Or will you have to deplete your life savings in order to pay a nurse to care for you or pay for staying in a facility?
With long term care insurance, depending on the options that you choose, you can modify your home to allow you to live more safely, get special equipment for your new medical needs, or hire a personal nurse or care taker. A long term care policy will allow your family to take care of you better and longer in the comfort of your own home. You will also receive benefits for facility care, in case you need more help. You can purchase a policy that allows for inflation protection. You determine the number of years that you wish to be covered and how much money that you would want per day or monthly. You get a discounted rate if you purchase a policy for both you and your spouse. With most companies, you also get a discount just for being married.