Long-term care insurance

At Precise Capital, we help you plan ahead for life's “what-ifs.” Our long-term care insurance solutions provide financial protection and freedom of choice if a chronic illness, injury, or the effects of aging make it difficult to care for yourself.

Planning today can help you maintain control, receive quality care when you need it, and protect the savings and legacy you've worked so hard to build. Explore our Healthcare Planning and Investment Planning services to create a complete strategy for your future.

What Is Long-Term Care?

Long-term care refers to the personal support and medical assistance you may need if you become unable to perform everyday activities such as bathing, eating, dressing, or moving around independently.

Care can be provided in a variety of settings:

• At home, through skilled nurses or home health aides
• In a nursing home or assisted-living facility
• At adult day care centers or hospice facilities

Many people assume that health insurance or Medicare covers long-term care, but that's not the case. If you live to age 65, there's about a 70% chance you'll need some form of long-term care during your lifetime. Planning ensures that when care is needed, you can afford the level and quality of support you deserve.

Why You Should Plan for Long-Term Care

Creating a long-term care plan provides more than financial coverage — it offers peace of mind, choice, and security for you and your family.

Here are a few key reasons to plan ahead:

1. Access quality care quickly – When an unexpected illness or injury occurs, having coverage ensures you can get the right care without delay.
2. Stay where you feel comfortable – Choose whether to receive care at home or in a trusted facility.
3. Protect your savings and assets – Avoid depleting a lifetime of savings to cover care costs. You can also explore our retirement planning resources to safeguard your income.
4. Preserve your legacy – Ensure your financial legacy remains intact for your family, friends, or charitable causes.
5. Relieve family stress – Let your loved ones focus on support and connection rather than financial strain.

How Long-Term Care Insurance Works

A long-term care insurance policy helps cover the cost of care that isn't typically paid for by health insurance or Medicare. It can complement your life insurance and retirement strategy for full protection.

Typical features include:

• Daily or monthly benefit amounts to help pay for care services
• Choice of care settings, including in-home, assisted living, or nursing home care
• Inflation protection options to keep your benefits aligned with rising costs
• Customizable waiting periods and coverage levels to fit your financial plan

At Precise Capital, we work with you to compare plans, explain coverage options in plain language, and help you select the right level of protection for your goals.

Who Should Consider Long-Term Care Insurance

Long-term care planning isn't only for retirees — it's an important part of a complete financial strategy at nearly every stage of adulthood.

You should consider long-term care coverage if you:

• Want to protect your retirement income and personal assets
• Are planning for financial independence as you age
• Have family members you don't want to burden with future care costs
• Have a family history of chronic illness or disability

What's Covered — and What's Not

Covered services often include:

• Skilled nursing care
• Physical, occupational, or speech therapy
• Home health care or personal attendants
• Hospice and respite care

Not typically covered:

• Cosmetic or elective medical procedures
• Private hospital rooms
• Services already paid by Medicare or another policy

How Precise Capital Can Help

Our advisors take a personalized, educational approach to long-term care planning. We'll help you:

• Evaluate whether long-term care insurance fits your broader financial plan
• Compare policy options and costs from trusted providers
• Coordinate long-term care coverage with your existing healthcare and life insurance
• Understand tax advantages and payment options

When you work with Precise Capital, you gain a partner committed to your financial security and peace of mind.