Long Term Care Insurance:

Long term care insurance is an insurance policy that pays for long term health care which generally is not covered by most health insurance plans. While long term care insurance may only seem necessary later in life, long term care may be needed at any point in a person’s life. The term "long term care" doesn’t have to refer to many years. It may just be a period of a few months in which extensive individual care is needed. Different options are available for long term care insurance and each comes with a different premium and deductible.