Chances are most of us will need help at some point in our lives. In fact, those turning 65 today have an almost 70% chance of needing some type of long-term care services as they age, and 20% will need it for longer than five years.1 Where will that care come from? Relying on family to care for you is an appealing option. You have their love and trust, and it’s comforting to know they would care for you and ensure your well-being. At what cost? But what many don’t consider is the difference between a companion and a caregiver. Having family to assist you is great, but relying on them day in and day out for your personal care can take a toll on their physical and emotional health. This is especially true when the caregiver is a spouse or partner also facing their own aging health issues. Plus, many caregivers suffer long-term work and financial consequences from providing care. Nearly six in 10 caregivers report some type 1 “How much care will you need?”, U.S. Department of Health & Human Services, https://longtermcare.acl.gov/, 2020 2, 3 “Caregiving in the U.S.”, The National Alliance for Caregiving and AARP, 2020 of work impact like time off or change to their employment because of caregiving responsibilities.2 In addition, half of caregivers experience a financial strain, and some arejeopardizing their long-term savings, which could result in substantial financial consequences.3 The solution Long-term care insurance is a good solution to this problem. It generally pays for care when you need it and where you’d like to receive it. The majority of people who rely on care as they age get that care at home. Long-term care insurance can pay for a wide range of care, from help with housework to visits from a nurse to care in an assisted living or nursing facility, if needed. Long-term care insurance gives you options and allows your loved ones to spend quality time—not caregiver time—with you.