How long refers to how long your benefits will last. 58% of people who have applied for LTCI through LTC Consumer in the last year applied for a 3 year benefit. Generally speaking, most people will find a 3-5 year benefit period sufficient for covering them in their time of need. If there is a history of illness in your family or a desire for more comprehensive coverage, consider a longer benefit duration.
We recommend speaking to one of our specialists about your specific needs and desires for coverage for a long term care event. If you are interested in how the price changes as you change the benefit period, please feel free to play with our Instant Quote Tool.
LTC Consumer is an independent, free online service to help consumers understand what long term care insurance is, how it works, and how to evaluate coverage options. Our mission is to provide an educational, no-pressure resource for learning about long term care planning, with the opportunity to speak with specialists who can help them.