Traditional policies are like good old vanilla ice cream. Hybrid policies are topped with interesting options. Both have pros and cons.

Thanks so much for your question. It’s awesome that you’re taking a good look at your finances and wondering whether the $200-plus per month in long-term care (LTC) insurance is still worth it.

Mutual of Omaha offers two standalone long-term care policies, both of which are open to applicants between the ages of 30 and 79 (or 30 and 75 if you are a New York resident). MutualCare Secure ...

Long-term care (LTC) insurance can alleviate some of this burden. It’s a type of insurance that covers the cost of services not typically covered by private health insurance, Medicare, or Medicaid.

Investopedia’s research shows that the best long-term care insurance company is Northwestern Mutual. Other top choices include Thrivent, Mutual of Omaha, and National Guardian.

Long-term care insurance can often provide that value and it can help cover the costs of care that many seniors would otherwise have to pay on their own or, worse, have to forego altogether.

Historically, long-term care insurance policies were structured similarly to traditional health insurance. These pre-2010 policies typically required ongoing premium payments and provided coverage ...

Care differences between assisted living vs. nursing homes Cost is a critical factor in choosing a long-term care option as seniors can only take advantage of the solutions they can afford. But ...

Personal experience with long-term care: Although most consumers over the age of 60 said that experience with a close family member or friend who needed LTC drove them to create a plan, younger ...

Shorter-term life insurance policies — those from 10 to 15 years — offer advantages and disadvantages: Pros Affordability: Because life insurance companies determine that their risk is ...