Long TErm Care Insurance

Long-term care insurance provides a safety net for when you are no longer able to care for yourself.

Long term care insurance policy covers the cost of care, (administered by therapists and medical professionals), that individuals with debilitating illnesses, injuries, or cognitive disabilities require to function.

LTC insurance is designed to help cover the expenses associated with the need for long-term care. This includes personal and custodial care in a variety of settings, such as your home, adult care facilities, assisted daily living, nursing facilities, or hospice. The range of options we offer allow our clients to get the services they need at a cost that fits their budget. Medicare will only cover up to 100 days of long-term care costs.

Traditional LTCi

This kind of insurance is intended to ensure your assets aren’t affected by the cost receiving long term care services require. (This includes home-based care).

Life/LTC Hybrid

This kind of insurance is intended to ensure your assets aren’t affected by the cost receiving long term care requires while maintaining maximum flexibility. (This includes home-based care)

Hybrid Annuity with LTCI

This kind of insurance is beneficial for those medical concerns that will require long term care services.

Life Insurance with LTCI Rider

This kind of insurance helps maximize the death benefit of a life insurance policy while maintaining flexibility to allow for the costs required by receiving LTC.

Types of LTC Services

Home Health Care/In-Home Care:

  • Homemaker Services
  • Personal Care
  • Nursing Services
    • RN
    • LPN
  • Health Care Aide
  • Personal Care Aide
  • Therapy Services
    • Speech
    • Respiratory
    • Physical

Adult Day Care/Community Day Care Services:

  • Part-Time Care in a Group Setting
  • Social Interaction and Security

Assisted Living Facility/Adult Foster Home/Residential Care (Apartment Conditions):

  • Personal Care Assistance
  • Non-Skilled Care Services

Hospice Care/End-of-Life Care for Terminally Ill (6 Months):

  • Inpatient Facility Care
  • In-Home Care

Nursing Facility/Nursing Home/Institutional Care Facility:

  • Skilled Care
  • Intermediate Care
  • Custodial Care

At Cosmo, our Long-Term Care specialists work with you one-on-one to guide you through all coverage options. Our LTC will provide coverage for home aides and therapy, nursing home care, or assisted living. Once you are eligible for LTC benefits, you are no longer required to pay premiums. Regardless of your age and health status, we can get you approved for a favorable LTC plan from one or more reputable carriers.


That depends on multiple factors, including your budget, where you live, and the level of care you anticipate you’ll need. 

Consider the following:

  • The cost of LTC in your planned retirement area
  • Whether you need the plan to cover the full costs of your LTC, or are you able to pay for a percentage from your retirement income and/or current assets
  • If debilitating, long-term illnesses such as dementia occur often in your family
  • The number of your family members that required LTC
  • Which of your assets you want to be able to pass down to your family members spouse, partner, or heirs
  • Whether your family members will be able to provide for some/all of your LTC needs

Although you only claim your insurance benefits once you reach your later years, it’s detrimental to wait until you are older to purchase a policy. Doing so can cost you a lot more money in premiums than if you had purchased the policy in your younger years – the optimal time is between 40-50. The reason for this is because companies base their premium rates on your age and level of health, with the amount increasing as your age rises and your health decreases. Additionally, there is a possibility that if you wait too long and develop a condition that may require long-term care, you could become uninsurable.