Long-Term Care Insurance

Secure your future and Protect Your assets with Long-term care Insurance

Coverage for assisted living, nursing care, and in-home support when you need it most

Long-Term Care Insurance for Lasting Peace of Mind

Long-Term Care Insurance helps protect your assets and independence by covering costs associated with assisted living facilities, nursing homes, adult day care, and in-home support services. At Peterman Insurance Services, our nurse-led expertise guides you through benefit triggers, elimination periods, and inflation protection—so you can plan confidently for tomorrow’s care needs.

Facility and Home Care Coverage

Pays for a range of care settings—skilled nursing, assisted living, and home health aides—to match your preferences and level of need.

Inflation Protection Options
Safeguard your benefit’s purchasing power over time with automatic or simple-CPI inflation riders—so rising care costs won’t outpace your coverage.

Refund and Spousal Benefit Options

Unused benefits can be partially refunded at policy maturity or death, and many plans offer shared or spousal pools—so you both draw from a combined benefit pool for flexible, family-focused protection.

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Long Term Care and You

As we consider our future and retirement, it’s important to think about our long-term care needs. Long-term care insurance can provide financial protection and peace of mind for the approximately 70% of us who will probably need help with activities of daily living in the future.

Long-term care insurance is designed to cover expenses related to medical or personal assistance you may need due to a disability, chronic illness or cognitive impairment. It can pay for services such as nursing home stays, home health aides, adult daycare and assisted living facilities. Depending on your policy’s coverage limits and other factors like your age when you purchase the policy, long term care insurance could save you thousands of dollars in out-of pocket costs associated with these services if they become necessary later on down the road.

Additionally, having this type of coverage allows you more choice than relying solely on Medicaid – which typically only covers certain types of nursing homes – since many policies also cover alternative forms such as assisted living facilities that are often not covered by government programs. There are also tax advantages associated with some policies that allow premiums paid throughout one’s lifetime to be deducted from taxable income. Contact your tax professional for more information.

For those of us looking ahead at our potential healthcare needs down the line, investing in a quality long-term care insurance policy now could provide much-needed security should an unexpected event occur.

Questions? See our Long-term-care FAQs below or Contact Us.

Long-Term Care Planning

Long-term care is provided to people who can no longer function safely and/or physically on their own. Care can be provided by family members, paid caregivers, or facilities and can be very expensive. Women live longer so costs will be higher. Skilled nursing homes offer private rooms for $9,000+ per month and semi-private rooms for $7000+ per month depending on where you live. Wouldn’t you rather be cared for at home?

70%

Seniors age 65+ who will likely need long-term care in the future

3.7 years

Average long-term care facility stay length for women

How will you pay for your future care?

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Your Long-term care insurance Questions, Answered

Find straightforward answers to common Long-Term Care Insurance questions—so you understand when benefits begin and how to choose the right policy features.

Long-Term Care Insurance is a policy that helps cover the costs of extended care services—such as assisted living, nursing home care, adult day care, and in-home support—when you can no longer perform everyday activities (ADLs) or suffer cognitive impairment. It protects your savings and provides financial support for care costs that traditional health insurance doesn’t cover.

Most policies require either inability to perform 2–3 ADLs or a diagnosed cognitive impairment (like Alzheimer’s) before benefits begin. We’ll review trigger definitions to match your needs.

The elimination period (waiting period) is the time you pay out of pocket—commonly 30–90 days—before benefits start. Longer periods lower premium costs but require additional personal savings.

Premiums depend on issue age, benefit amount (daily maximum), benefit period, elimination period, and inflation protection options. We’ll compare carriers to find competitive rates for your profile.

Benefit periods define how long you receive payments—options range from 2 years up to lifetime benefits. Select a period aligned with your family history and risk tolerance.

Yes—you can add riders such as shared care for couples, return of premium, non-forfeiture guarantees, and bed reservation benefits to prevent coverage gaps during short facility absences.