Long Term Care
People are living longer than ever. But 70% of those over 65 will need long term care at some point.1 Health insurance won’t pay for it. Medicare and Medicaid may provide limited coverage but only if you meet certain criteria. Long term care insurance, on the other hand, can provide you the coverage you need to live your life on your terms, where you want.
Why would I need it?
Long term care insurance is coverage that you purchase in the event that you are one of the overwhelming majority of people who will need some form of long term care as they age. If you are unable to perform simple everyday tasks by yourself, like going to the bathroom, getting dressed, feeding yourself, or getting from place to place, you will need long term care services or support.
How does it work?
Once a need for care has been established, long term care insurance helps cover the costs of care providers and support services in the location that’s right for you. For many people, that’s in their own home. Coverage helps fund not just in-home care, but can also be used to fund home modifications like wheelchair ramps or adjustments needed to make a bathroom accessible.
If you require an assisted living facility or nursing home, your coverage goes toward those costs. Either way, you choose the amount of coverage that’s right for you and then apply that coverage amount to the cost of the care you need.
Your needs may change over time, which is why we cover a wide variety of care settings and scenarios.
How much could Long Term Care Insurance cost?
Paying for long term care can add up quickly. Find out how much long term care insurance costs today to start protecting your tomorrow.
We helped pioneer the industry over 40 years ago and we’re still leading it today. Over a million people4 and their families have relied on us for long term care insurance coverage that fit their financial strategy. Since 1974, we’ve paid over $14 billion3 in claims to help ensure our policyholders loved their lives on their terms.
- 2018 U.S Department of Health and Human Services (www.longtermcare.acl.gov), 08/29/18.
- Genworth Cost of Care Survey 2018, conducted by CareScout® June 2018. Based on median annual costs, which vary among states. CareScout is a Genworth company.
- Long Term Care Claims Experience for Genworth Life Insurance Company and affiliates - December 1974 through December 2017.
- 2017 LIMRA Individual Long Term Care Report. Based on Genworth companies’ share of in-force lives.
Long Term Care Insurance underwritten by Genworth Life Insurance Company, Richmond, VA
This is a solicitation of insurance for policy form series ICC13-8000R1 or ICC13-8001R1. When you respond, an insurance agent/producer will contact you. Details about the cost, benefits, terms under which the policy may be continued in force or discontinued, limitations and exclusions of the long term care insurance policy will be provided to you by a licensed insurance agent/producer.