Long term care insurance protects you and your family should you need extended care during your lifetime. This type of care is expensive and most often the responsibility of the individual and family who are forced to spend through their savings, assets and cash to pay most of the long term care costs.

Long term care insurance helps pay for such things as skilled nursing care, rehabilitation, help with activities of daily living, and care oriented conditions like Alzheimer's. It allows families who want to take care of loved ones at home the ability to do so.