Long Term Care Insurance is a type of insurance sold primarily in the United States to cover the care of individuals who may not be able to take care of themselves for a period of time.  This doesn’t mean until death necessarily, but instead may reflect a period of recovery from surgery or from a medical condition.  This insurance doesn’t cover traditional medical expenses, but instead the paid for provision of care and help from a nurse or attendant.  According to Wikipedia Christopher Reeves had 9 years of long term care after having his accident and being paralyzed from the neck down.

Policies, once instantiated, may not be reneged on by insurance companies and the terms can’t be re-written.   The policies also have some sort of pre-requisite self-paid care (AKA a deductible).  Payments towards a Long Term Care Insurance plan may be income tax deductible, which can help reduce taxes.  Being covered for these needs can help reduce financial strain on individuals that have an emergency.

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