10/07/2025
7 quick tips for long-term care insurance alternatives
Not everyone qualifies—or can afford—traditional long-term care insurance. But that doesn’t mean you’re out of options.
Here are seven practical ways to fund long-term care, from veteran benefits to creative financial strategies.
1️⃣VA Aid & Attendance – Veterans or surviving spouses can receive up to $2,358 monthly for care—tax-free and inflation-adjusted.
2️⃣Self-Funding – Plan early, calculate future care costs, and build savings to cover potential long-term expenses out of pocket.
3️⃣Workplace Plans – Some employers offer portable group LTC policies—check eligibility before retiring.
4️⃣Life Settlement – Sell an existing life insurance policy for a cash payout to help cover care costs.
5️⃣Reverse Mortgage – Tap into home equity for care funding, though it reduces inheritance potential.
6️⃣Hybrid Policies – Combine life and long-term care insurance into one plan; vet providers carefully.
7️⃣Annuity Income – Direct steady annuity payments toward assisted living or in-home care expenses.
For more information and to find a solution that works for you contact your local, licensed in home care provider.
