Did you know that approximately 70% of individuals over age 65 in the U.S. will require some form of long-term care during their lifetime? In this episode, we explore the complex world of Long-Term Care Insurance (LTCI), a product designed to cover the costs of nursing homes, assisted living, and home care—services generally not covered by standard health insurance, Medicare, or Medicaid.

We break down the critical differences between "traditional" policies and the increasingly popular "hybrid" plans that combine long-term care benefits with life insurance or annuities. Listeners will learn how benefit eligibility is triggered by the inability to perform activities of daily living (ADLs) or cognitive impairment, and why experts recommend shopping for coverage between the ages of 45 and 55.

Key topics include:

• Coverage  ...