Best Long-Term Care Insurance Companies of 2025

Long-term care insurance is an important consideration for many Americans as they plan for their future. With the cost of long-term care services in the U.S. averaging between $60,000 to $100,000 a year, having insurance to help cover these expenses can provide peace of mind and financial security.

One key factor to keep in mind when considering long-term care insurance is the best time to purchase it. Typically, the optimal time to buy long-term care insurance is in your mid-50s to early 60s, while you are still healthy and able to qualify for lower premiums. Waiting until you are older or have health issues may result in higher premiums or even denial of coverage.

There are two main options for long-term care insurance: traditional policies and hybrid policies. Traditional policies are standalone insurance policies that specifically cover long-term care expenses. Hybrid policies, on the other hand, combine long-term care coverage with life insurance or annuities, providing additional benefits and flexibility.

Our list of the best long-term care insurance policies for 2024 features both traditional and hybrid options with different disbursement options. These policies have been carefully selected based on their coverage, affordability, and customer satisfaction ratings.

It’s important to carefully research and compare different long-term care insurance policies to find the best fit for your individual needs and budget. By planning ahead and investing in long-term care insurance, you can protect yourself and your loved ones from the potentially high costs of long-term care services.

One of the standout features of Mutual of Omaha’s long-term care insurance is the care coordination services included in their policies. This service helps policyholders navigate the complex world of long-term care, including finding the right providers and coordinating their care.

Additionally, Mutual of Omaha offers several optional benefits that policyholders can add to their plans, such as return of premium and inflation protection. These options allow policyholders to customize their coverage to better suit their needs and preferences.

While Mutual of Omaha does offer discounts to policyholders, such as three types of discounts and a couples discount, the couples discount is only available to married couples or those living together for at least three years. Premiums for long-term care insurance policies are also likely to increase over time, so it’s important to consider this when budgeting for long-term care.

In conclusion, Mutual of Omaha is a top choice for long-term care insurance due to its comprehensive coverage options, customizable plans, and care coordination services. While premiums may increase over time, the benefits and flexibility of Mutual of Omaha’s policies make it a strong contender for those looking to secure their long-term care needs.

Overall, Mutual of Omaha stands out as a reliable and reputable insurance company that offers quality long-term care insurance options for individuals looking to protect themselves and their loved ones in the future.

Nationwide is a top choice for long-term care insurance due to its customizable options and innovative hybrid policies. One of their standout offerings is the CareMatters® II plan, which is a linked-benefit policy that combines long-term care coverage with a fixed-premium universal life insurance plan. This unique plan ensures that policyholders receive a guaranteed minimum death benefit, even if they end up needing long-term care.

The CareMatters® II policy stands out because it offers cash benefits, eliminating the need to file for reimbursement each month. This streamlined process makes it easier for policyholders to access the funds they need to cover their long-term care expenses. Additionally, Nationwide offers the CareMatters Together℠ plan specifically designed for couples. This plan provides a shared pool of benefits that can be utilized by either partner, offering flexibility and peace of mind for both individuals.

Policyholders have the option to fund their policies through a one-time payment or choose monthly or annual payments for five years, 10 years, or up to a specified age. Benefit period options range from two to seven years, allowing individuals to tailor their coverage to meet their specific needs.

In addition to their innovative hybrid policies, Nationwide also offers stackable discounts to help policyholders save on their premiums. Insured couples can enjoy a 15% discount, while married customers receive a 5% discount. Those in good health can also benefit from a 15% discount, making Nationwide’s long-term care insurance policies even more affordable for eligible individuals.

Optional benefits such as inflation protection, return of premium, shared care, waiver of elimination period, and a nonforfeiture option provide further customization options for policyholders. With Nationwide’s range of policy choices and flexible features, individuals and couples can find a long-term care insurance plan that meets their unique needs and preferences. Nationwide is a well-known insurance company that offers a variety of insurance products to meet the needs of its customers. One of the unique offerings from Nationwide is its Long-term Care (LTC) rider that can be added to some of its life insurance policies. This rider provides an additional layer of protection for policyholders in the event that they require long-term care services in the future.

One of the key benefits of adding an LTC rider to a Nationwide life insurance policy is that it can help cover the costs associated with long-term care services. These services can include assistance with activities of daily living, such as bathing, dressing, and eating, as well as skilled nursing care. By adding an LTC rider to their life insurance policy, policyholders can have peace of mind knowing that they will have financial support in place to help cover these expenses if the need arises.

Nationwide’s LTC rider also offers flexibility in terms of coverage options. Policyholders can choose the amount of coverage that best suits their needs, as well as the length of the benefit period. This allows individuals to customize their policy to meet their specific long-term care needs and budget.

In addition to providing financial protection for long-term care expenses, Nationwide’s LTC rider also offers other benefits. For example, some policies may cover 100% of care costs, and premiums on stand-alone policies are guaranteed for the first three years. Furthermore, Nationwide offers a return of premium on linked-benefit policies, providing an additional level of financial security for policyholders.

It’s important to note that benefit period options and covered benefits may vary by state, so it’s recommended to consult with a Nationwide insurance agent to determine the specific details of the LTC rider available in your area. Additionally, while no online quotes are available at this time, Nationwide’s agents can provide personalized quotes and guidance to help individuals make informed decisions about adding an LTC rider to their life insurance policy.

In conclusion, Nationwide’s LTC rider is a valuable option for individuals looking to protect themselves against the high costs of long-term care services. By adding this rider to a Nationwide life insurance policy, policyholders can have peace of mind knowing that they will have financial support in place to help cover these expenses if the need arises. With flexible coverage options and additional benefits, Nationwide’s LTC rider is a smart choice for individuals who want to plan for their long-term care needs. Long-term care insurance is a vital investment for individuals and couples looking to protect their financial future in the event of needing long-term care services. However, not all insurance policies are created equal, and it is important to carefully consider the features and benefits of each policy before making a decision. One key factor to consider is whether the policy is eligible for dividend payments.

Unfortunately, some insurance products, such as the one mentioned above, are ineligible for dividend payments. Dividends are a form of return of premium that policyholders receive when the insurance company performs well financially. These dividends can help offset the cost of premiums or provide additional cash value to the policyholder.

While this particular product may not be eligible for dividend payments, there are still many other factors to consider when choosing a long-term care insurance policy. For example, Northwestern Mutual offers a generous spousal or companion discount of up to 30%, making it an attractive option for couples looking to protect themselves against the high costs of long-term care.

Additionally, Northwestern Mutual’s QuietCare policy can be paired with a survivorship benefit rider, which exempts surviving partners from future premium payments upon their spouse’s death. This can provide peace of mind knowing that the surviving partner will not be burdened with additional financial obligations.

In conclusion, while dividend payments may not be available for all long-term care insurance products, there are still many other benefits and features to consider when selecting a policy. It is important to carefully evaluate your options and choose a policy that best meets your individual needs and financial goals. GoldenCare is a leading online insurance broker that offers expert guidance and partners with 18 well-known carriers, providing customers with a wide range of options and the ability to get multiple quotes in one place. With partnerships with reputable insurance providers such as Mutual of Omaha, Aetna, Thrivent, and National Guardian Life Insurance Company, GoldenCare ensures that clients have access to top-notch long-term care insurance policies.

One of the key features that set GoldenCare apart is its personalized approach to matching clients with the right insurer. Each client is paired with a long-term care specialist who works closely with them to develop a customized care plan based on their unique needs and circumstances. By understanding the client’s situation thoroughly, the specialist can recommend insurers that align with their specific requirements, ensuring that they get the coverage they need.

In addition to offering traditional long-term care insurance policies, GoldenCare also stands out for providing short-term care insurance options. This cost-effective solution is particularly beneficial for women, who often have longer life expectancies and may require care for shorter periods. By offering a range of insurance products, GoldenCare ensures that clients have access to comprehensive coverage options that suit their individual needs.

While GoldenCare partners with a wide range of insurance carriers, it is also selective in its choices. The company only works with reputable providers that have a proven track record of delivering quality service and reliable coverage. This commitment to quality ensures that clients can trust the insurance options recommended by GoldenCare and have peace of mind knowing they are protected by a reliable insurer.

In summary, GoldenCare is a trusted online insurance broker that offers expert guidance and partners with top insurance carriers to provide clients with a wide range of long-term care insurance options. With personalized service, a focus on quality providers, and a commitment to meeting clients’ individual needs, GoldenCare is a valuable resource for those seeking reliable and comprehensive long-term care insurance coverage.