Long term care insurance is coverage that is available to provide medical and other services to patients who need constant care in their own home or in a long term care facility for assisted living or nursing home. Long term care covers help with daily activities such as bathing, eating, dressing skilled nursing care or rehabilitation training either in a nursing facility or at home cognitive impairment such as Alzheimer's and deals with care-oriented conditions, not cure oriented.

There are six reasons people have long term care insurance; they don't want to be a burden on the family, they want access to quality care, they want asset protection, they want control and independence, they have an aversion to welfare, and the want peace of mind. People are living longer and many now realize that they may not die quickly, and will be requiring expensive assistance in their later years.

Are you thinking, "It can't happen to me,"? Statistics show that it not only can happen, but it is very likely. The odds for using your long term care insurance coverage are higher than other risks you insure against. The odds of a home fire are 1 in 1200, the odds of having automobile damage and/or liability are 1 in 250, the odds of needing your medical insurance are 1 in 15, and the odds of needing long term care are 2 in 5!