Long Term Care Insurance

Research shows nearly half of all Americans will need long-term care at some point in their lives, and one in five Americans over the age of 50 is at a high risk of needing long-term care in the next 12 months¹. Additionally, the cost of long-term care services may be surprising.

That's why it's such a good idea to consider long-term care insurance as an integral part of a well-rounded financial plan. It may help protect your hard-earned assets, and provide more control over how and where you receive care should you need it.

Let MetLife, a recognized leader in long-term care insurance, help you better understand your options, how coverage works, and where you can get a policy that best meets your needs and budget. Helping you make an informed choice is our goal.

What is Long-Term Care?

Long-term care (LTC) is the assistance that is provided to people who are unable to perform the Activities of Daily Living (ADLs) that healthy, fully-functional people do independently and on a daily basis.

The need for long-term care services arises from chronic health conditions and/or physical disabilities - such as a stroke, Multiple Sclerosis, Parkinson's or Alzheimer's disease, and are provided over a long period of time.

Some people mistakenly assume that most people receive long-term care services in nursing homes. In actuality, a number of people in need of long-term care services receive them at an assisted living facility or in one's own home.

The Costs of Long-Term Care Services

The cost of long-term care services are significant and if they rise they rise a bit faster than inflation. By 2026, the daily rate could hit $486 a day, or $177,000 a year.¹

Why it Pays to Apply Now?

It's usually less expensive if you buy long-term care insurance when you're younger. In fact, with most plans, the longer you wait the more it will cost you - for the exact same coverage.

When you purchase coverage at your current age:

• You'll pay a lower premium.
• You'll avoid the risk that you won't qualify later for health reasons.

It's wise to apply when you're younger and in better health.

Where Can I Receive Care?

Long-Term Care Insurance from MetLife can help you preserve the savings and assets you've worked a lifetime to build. With a wide range of benefits, you can help ensure that you will be able to get the type of care you need, where you want it.

Depending on the coverage chosen, including services you require and other considerations, your options may include:

• Home Care - for most people, the option to receive care in the comfort of their home is the choice they prefer most. Long-Term Care Insurance from MetLife offers coverage for care generally provided by a licensed nurse, or a licensed physical, occupational, speech or respiratory therapist. You can also receive care or services from a certified private aide, home health aide, homemaker, or from a care advisor from a care management organization.
• Adult Day Care Center - offers care, health support and rehabilitative services for adults during the day.
• Assisted Living Facility - for many, these licensed (where required) facilities, provide a great way to receive skilled nursing or custodial care in an environment that helps maintains independence and an active lifestyle.
• Nursing Home - your Long-Term Care Insurance policy from MetLife will provide coverage for all levels of care, from skilled to custodial, in a Nursing Home.
• Informal Care - many people would prefer to have a friend or loved one provide the care they need at their home. Care you receive at home from friends, neighbors, or relatives who are not health-care professionals. Some programs allow a benefit that provides some compensation to cover this care.