Episode description
Long-term care is care you may need if you are unable to perform activities of daily living (ADLs). Activities of Daily Living include eating, bathing, dressing, using the bathroom, or getting in and out of bed. The national average monthly cost in 2021 for home-based long-term care services is $5,148, while the average monthly cost of care in a nursing home is $7,908.
Standalone long-term care insurance products or life insurance with a long-term care rider can help provide financial assistance to help cover some or all these expenses.
Learn more about life insurance with long-term care.