Long Term Care Insurance Services

Long-term care planning is an important part of protecting your financial security as you age. Long-term care may be needed because of chronic illness, disability, cognitive impairment, or the inability to independently perform everyday activities.  At Accounting & Financial Management LLC, we help individuals and families evaluate their potential long-term care needs, understand available insurance options, and develop strategies designed to help protect their assets, income, and retirement savings.

The likelihood of needing long-term care is significant. According to the U.S. Administration for Community Living, someone turning age 65 today has almost a 70% chance of needing some type of long-term care services or support during their remaining lifetime. Women also tend to require care for longer periods than men, averaging approximately 3.7 years compared with 2.2 years.  Long-term care can also be expensive. The 2025 CareScout Cost of Care Survey reports national median annual costs of approximately $80,080 for in-home non-medical caregiving, $74,400 for assisted living, $114,975 for a semi-private nursing home room, and $129,575 for a private nursing home room. Actual costs can vary significantly by location and level of care. These potential expenses can have a substantial impact on retirement savings and family finances, making advance planning an important part of a comprehensive financial strategy.

Our long-term care insurance services include:

- Long-term care needs analysis

- Individual long-term care insurance

- Traditional long-term care insurance

- Hybrid life insurance and long-term care solutions

- Home care coverage considerations

- Assisted living coverage

- Nursing home care coverage

- Benefit amount and benefit period analysis

- Inflation protection considerations

- Elimination period analysis

- Existing policy reviews

- Long-term care policy comparisons

- Retirement asset protection planning

- Family and caregiver planning

- Beneficiary and legacy planning

- Periodic policy and coverage reviews

The cost of long-term care can place significant pressure on retirement savings. Without proper planning, individuals may be forced to use investment accounts, savings, or other assets to pay for care.  We help clients evaluate how potential long-term care expenses could affect their retirement income and assets and consider insurance and other financial strategies that may help provide greater financial flexibility.

Long-term care does not necessarily mean moving into a nursing home. Many individuals receive care in their own homes or through assisted living and other community-based settings.  Long-term care planning can help you consider where you would prefer to receive care and how those services could be funded. We help evaluate coverage options that may provide benefits for qualifying care received at home, depending on the policy.

A long-term care event can affect more than the individual receiving care. It can also place financial and caregiving responsibilities on spouses, children, and other family members.  We help families consider how a potential long-term care need could affect household income, retirement plans, assets, inheritances, and the financial security of a spouse or other loved ones.

If you already have a long-term care policy, periodic reviews can help ensure you understand your benefits and how your coverage fits into your current financial plan.  We can review items such as benefit amounts, benefit periods, inflation protection, elimination periods, premiums, covered services, and policy provisions. As your financial circumstances and care preferences change, your overall strategy may need to be reassessed.

Long-term care insurance should be considered as part of a broader financial and retirement strategy. We take a comprehensive approach by considering your income, assets, retirement goals, insurance coverage, family circumstances, and estate planning objectives.  Our focus is to help you make informed decisions today that may help provide greater financial flexibility and more choices in the future.

Long-term care planning is not simply about preparing for the possibility of needing care. It is about protecting your independence, your financial resources, and the people you care about.