Long-Term Care Insurance is a type of insurance designed to cover the costs of long-term care services, which may include assistance with daily activities like bathing, dressing, and eating. This insurance is particularly beneficial for individuals who may need care due to aging, chronic illness, or disability. It helps protect personal savings and ensures access to necessary care. Policies can vary widely in terms of coverage, benefits, and costs. Some plans may cover care received at home, in assisted living facilities, or in nursing homes. Understanding the specifics of each policy is essential for making informed decisions about future care needs.