As we age or experience long-term health issues, the need for extended care becomes more likely. Long-term care insurance is specifically designed to cover the costs associated with care that goes beyond what standard health insurance covers, such as nursing homes, assisted living facilities, or even in-home care.

This type of insurance is vital for individuals who anticipate needing help with daily activities as they get older or for those with chronic health conditions. Planning for long-term care is essential, especially if you want to preserve your savings and assets while ensuring quality care.

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