Long-Term Care Insurance
Plan Today for the Care You May Need Tomorrow
Long-term care costs are one of the biggest financial risks in retirement. The right policy protects your savings, preserves your independence, and relieves the burden on your family.
Why Long-Term Care Planning Matters
Nearly 70% of Americans turning 65 will need some form of long-term care in their lifetime. Medicare covers very little of these costs. Without a plan, the average nursing home stay in Michigan can cost over $100,000 per year — quickly depleting a lifetime of savings. Long-term care insurance gives you options and protects what you've built.
Long-Term Care Policy Options
Traditional Long-Term Care Insurance
Dedicated LTC policies that pay a daily or monthly benefit for covered care services. Premiums are typically lower when purchased younger and in good health.
Best for: Those in their 50s or early 60s planning ahead for retirement
Hybrid Life/LTC Policies
Combines life insurance with a long-term care rider. If you never need LTC, your beneficiaries receive a death benefit. Eliminates the 'use it or lose it' concern.
Best for: Those who want guaranteed value from their premium dollars
Short-Term Care Insurance
Covers care needs for up to 12 months. More affordable and easier to qualify for than traditional LTC, with fewer underwriting requirements.
Best for: Seniors who may not qualify for traditional LTC, or those wanting basic protection
Annuity with LTC Rider
A fixed annuity that includes a long-term care benefit multiplier. Provides both retirement income and LTC protection in one product.
Best for: Those with existing savings looking to reposition assets for dual-purpose coverage
What Long-Term Care Insurance Covers
In-Home Care
Personal care aides, homemaker services, and skilled nursing care provided in your own home.
Assisted Living
Residential facilities that provide personal care, meals, and supervision for those who need help with daily activities.
Nursing Home Care
24-hour skilled nursing care for those with significant medical needs or cognitive impairment.
Memory Care
Specialized care for individuals with Alzheimer's disease or other forms of dementia.
Adult Day Services
Daytime programs providing social activities, meals, and health monitoring for those who live at home.
Start Your Long-Term Care Conversation
The best time to plan is before you need it. Let's talk through your options while you have the most choices available.
Get a Free ConsultationLong-term care insurance products are subject to underwriting approval and Michigan state regulations. Benefits, elimination periods, and inflation protection options vary by carrier and policy. Detroit Insurance Services is licensed by the Michigan Department of Insurance and Financial Services (DIFS), License #0155446.