Long-Term Care Insurance

Protect Your Assets. Protect Your Independence. Protect Your Family.

No one likes to imagine needing long-term care, but the reality is that the cost of care is one of the greatest financial risks retirees face today.

Many people only realize the importance of long-term care planning after witnessing a parent or relative spend down their savings to cover medical costs. By planning ahead, you can avoid repeating that difficult cycle.

At Cross-Practice, we help individuals and families plan ahead with long-term care insurance solutions that protect your wealth, preserve your independence, and ease the burden on your loved ones.

Why Long-Term Care Planning Matters

Nearly 70% of people over age 65 will need some form of long-term care during their lifetime.

The average cost of a private nursing home room is now over $100,000 per year.

With the average stay lasting 3 years, this can mean more than $600,000 in after-tax expenses.

Roughly 30% of bankruptcies in the U.S. are linked to unpaid medical bills.

Without a plan, these costs can devastate your retirement savings and force difficult choices for your family.

What Long-Term Care Insurance Covers

Long-term care insurance is designed to cover expenses that traditional health insurance and Medicare typically do not, such as:

  • Home health care services

  • Assisted living facilities

  • Adult day care programs

  • Skilled nursing facilities

  • Hospice and end-of-life care

This ensures that you have options when you need them most, without liquidating assets or burdening family members.

Types of Long-Term Care Coverage

At Cross-Practice, we offer flexible solutions tailored to your needs:

There are two primary categories of life insurance:

Traditional Long-Term Care Insurance

Provides dedicated coverage for long-term care services, with customizable daily or monthly benefit amounts and coverage periods.

Hybrid Life + Long-Term Care Policies

Combines life insurance with long-term care benefits. If you don’t need long-term care, your policy pays a death benefit to your beneficiaries

Asset-Based Long-Term Care

Lifetime coverage with added benefits like cash value growth and estate planning. Includes whole life, universal life, and indexed universal life.

Key Benefits of Long-Term Care Insurance

  • Protect your retirement savings from being drained by unexpected costs

  • Maintain independence by choosing where and how you receive care

  • Provide peace of mind for your spouse and children

  • Preserve your legacy by protecting assets for future generations

  • Leverage tax advantages (in some cases, premiums may be deductible)

FAQs About Long-Term Care Insurance

When should I buy long-term care insurance?

 The best time is typically in your 50s or early 60s, when premiums are more affordable and health qualifications are easier to meet.

What if I never need long-term care?

Hybrid policies ensure your premiums aren’t “wasted”—your family receives a death benefit if care isn’t required.

Does Medicare cover long-term care?

 No. Medicare only provides limited coverage for short-term rehabilitation, not ongoing custodial care.

Can I use my life insurance policy to pay for long-term care?

 Yes. Certain riders and policy structures allow you to access your death benefit early to cover long-term care expenses.

Why Choose Cross-Practice for Long-Term Care Planning?

Long-term care planning is deeply personal—it’s about more than numbers; it’s about protecting your independence and your family’s peace of mind.

Cross-Practice is here with:

  • Over 15 years of experience in life insurance and financial services

  • Licensed professionals with Series 65, 63, 7, and 24 credentials

  • Access to leading carriers and innovative hybrid LTC policies

  • A caring, empathetic approach that blends technical expertise with real-world understanding

Take Control of Your Future

The cost of care is rising and waiting only makes planning harder. With Cross-Practice, you’ll gain peace of mind knowing that your assets, independence, and family are protected.

Start Your Long-Term Care Strategy Today