Long-Term Care Insurance The cost of Long-Term Care represents one of the largest out-of-pocket expenses facing older Americans. A Long-Term Care Insurance policy will allow you to control the quality of care you receive and help protect your assets from “spend down”. Long-Term Care Insurance can provide unlimited lifetime benefits that cover all levels of care such as assisted living, home health, nursing home, and adult day care. As with all types of insurance, it is important that you understand your options and the costs and benefits of the options. Let us analyze your individual needs and provide you with a thorough explanation of your options.