Why Should I Buy Long Term Care Insurance May 2026

Long-term care is one of the single biggest threats to a retirement plan.

6 Reasons To Have Long-Term Care Insurance - ElderLife Financial

: In 2026, the national median annual cost for a private room in a nursing home exceeds $108,000 , while assisted living averages between $70,000–$75,000 per year.

: Without insurance, these "six-figure meteorites" can rapidly deplete savings intended for your lifestyle or your children's inheritance.

Investing in long-term care insurance (LTCI) is less about "buying a policy" and more about securing a for your future self and your family . With roughly 70% of people turning 65 today expected to need some form of long-term care assistance, having a plan in place is a critical part of modern retirement strategy. 1. Protecting Your Retirement "Nest Egg"