Faculty Publications


Examining Long-Term Care Insurance

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The traditional health-based long-term care insurance strategy involves paying an ongoing premium for long-term care insurance until a long-term care event takes place, and then being eligible to receive a defined amount of long-term care benefits for a defined period of time based on the costs of care.

At some point, wealth may be sufficient to self-fund long-term care expenses, but reasonable individuals may still decide to include insurance in their plans as part of an overall risk management strategy.