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LONG-TERM CARE
Long Term Care Planning for Florida
Prepare for future care needs with long-term coverage that safeguards independence for Florida families.
Smart annuity strategies for retirement, income, and legacy.
Whether you’re protecting a nest egg, rolling over an old 401(k), or building guaranteed income, we’ll walk you through the right type of annuity for your goals.
FIXED ANNUITIES
Guaranteed interest & principal protection
Predictable growth with no market risk—ideal for safe retirement planning.
See fixed options →
FIXED INDEXED ANNUITIES
Market-linked growth without losses
Participate in index gains while keeping your savings protected.
Explore indexed plans →
MYGA (MULTI-YEAR GUARANTEED)
CD-style guarantees for 3–10 years
Lock in secure, tax-deferred growth with competitive fixed rates.
See MYGA rates →
INCOME ANNUITIES
Turn savings into lifetime income
Create predictable monthly income you cannot outlive.
Review income options →
LONGEVITY & DEFERRED INCOME
Plan income for later retirement
Secure future payouts designed to protect against outliving assets.
View longevity plans →
IRA • 401(k) • 403(b) ROLLOVERS
Move retirement savings safely
Roll funds into an annuity with tax-efficient strategies built for retirement.
See rollover options →
Your LTC Options
Compare Long-Term Care Solutions
Switch between Traditional LTC, Hybrid LTC, Asset-Based LTC, and Short-Term Care.
Traditional Long-Term Care Insurance
Covers extended care needs including home health care, assisted living, nursing care, and more.
Flexible benefit periods
Choose 2–6 year LTC benefit durations.
Home care coverage
Receive care in your own home with paid benefits.
Inflation protection
Options for 3% and 5% compound growth.
Best for
Those wanting pure LTC coverage at the lowest cost.
LTC Basics
Long-term care is about people, not just nursing homes.
Long-term care helps pay for support with everyday activities — bathing, dressing, eating, moving around — whether it happens at home, in assisted living, or in a nursing facility.
Care can happen at home, in assisted living, memory care, or a skilled nursing facility.
Medicare may cover short-term rehab, but it does not pay for most long-term custodial care.
Without a plan, the cost of care is typically paid out of savings, retirement accounts, or family support.
A well-designed long-term care strategy helps protect your spouse, your lifestyle, and the legacy you’d like to leave your family — even if care is needed for several years.
How much coverage do most people choose?
There’s no one-size-fits-all number, but many families start with coverage equal to 5–10x annual income or enough to pay off major debts plus several years of living expenses.
Income replacement for the years you’d want your family supported.
Existing savings, retirement, and employer coverage.
Debts: mortgage, car loans, credit cards, medical bills.
Goals like college funding or leaving a legacy.
On a quick call, we’ll run the numbers together and help you land on a coverage amount that feels comfortable.
What Is Long-Term Care?
Long-term care helps when age, illness, or injury makes it difficult to handle everyday tasks on your own. It’s not about curing a condition—it’s about helping you live as safely and independently as possible.
Most long-term care policies are triggered when you can’t perform at least two or more of the following Activities of Daily Living without help:
Bathing
Continence
Dressing
Eating
Toileting
Transferring
WHY PLANNING MATTERS
The Real Cost of Waiting to Plan
Likelihood of needing care
~70%
of people turning 65 can expect to use some form of long-term care during their lifetime.
Rising care costs
$100k+ / year
National averages for nursing home care can easily exceed $100,000 per year, and costs continue to rise.
Where care happens
~90%
of people receiving long-term care get help outside of nursing homes, often at home or in assisted living.
Without coverage, these costs typically come from your own savings, retirement income, or the time and energy of family caregivers.
CARE SETTINGS
Where Can You Receive Long-Term Care?
Long-term care is flexible. Depending on your needs and preferences, your policy can help pay for support at home, in the community, or in a full-service facility.
Care at Home
Most people prefer to remain at home as long as possible. Long-term care insurance can help pay for:
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Home health aides and personal care
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Help with bathing, dressing, and mobility
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Meal prep, reminders, and light housekeeping
Assisted Living
Assisted living facilities offer a blend of independence and support in a residential setting.
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Private or semi-private apartments
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Help with daily activities and medications
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Meals, transportation, and social activities
Nursing Home & Memory Care
For those needing 24/7 supervision, medical support, or specialized memory care.
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Skilled nursing and rehabilitation services
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Round-the-clock monitoring and support
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Secure environments for cognitive conditions
WHY CONSIDER COVERAGE
Why Long-Term Care Insurance Matters
Long-term care insurance is designed to help cover costs that health insurance and Medicare generally don’t. It can help protect your retirement, reduce strain on your family, and give you more choices in how you receive care.
Less Burden on Family
Many caregivers are unpaid family members, often juggling work, children, and caregiving. Coverage can help pay for professional support so your family doesn’t carry everything alone.
Protect Your Savings
Instead of paying for years of care directly from your nest egg, a long-term care policy can help cover a significant portion of those expenses and preserve assets for your spouse or beneficiaries.
More Control & Choice
With coverage in place, you decide whether your care happens at home, in assisted living, or in another setting that matches your preferences and budget.
WHO IT'S FOR
Is Long-Term Care Insurance a Good Fit for You?
Long-term care insurance isn’t only for people already in poor health. In fact, it’s usually best suited for those who are still relatively healthy and want to protect their future options.
Ideal Candidates
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Pre-retirees and retirees who want to protect their assets
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Singles who may not have a spouse or adult children nearby
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Couples looking to protect the financial health of the surviving spouse
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Anyone who prefers to receive care at home as long as possible
When People Usually Apply
Many people look at long-term care coverage in their 50s or early 60s while reviewing their retirement plan.
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Health is generally better, which can make approval easier
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Premiums are usually lower when you apply younger
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More options are typically available compared to waiting later
POLICY OPTIONS
Types of Long-Term Care Insurance
There isn’t just one way to plan for long-term care. As an independent agent, Florida Insurance Benefits can help you compare different types of policies.
Comprehensive LTC
Traditional policies that help cover care at home, in assisted living, in nursing facilities, and sometimes adult day care.
Facility-Focused
Designed for people who expect to use assisted living or nursing home care and want to target coverage there.
Hybrid LTC Solutions
Certain life insurance or annuity-based policies may offer long-term care benefits, giving you flexibility if you never need extended care.
HOW COVERAGE WORKS
How Long-Term Care Insurance Works
Most long-term care policies follow a similar structure, even though details vary by company. Here’s what the process generally looks like:
Apply for Coverage
You answer health questions and choose your preferred benefits. Underwriting reviews your application and medical history to determine eligibility.
Choose Your Benefits
You select daily or monthly benefit amounts, how long benefits can last, your waiting period, and whether to add inflation protection.
Benefits When You Need Care
If you become unable to perform certain ADLs or develop a qualifying cognitive condition, your policy can reimburse you for covered care expenses after the waiting period.
COST & TIMING
What Does Long-Term Care Insurance Cost?
Your premium depends on your age, health, gender, benefit amounts, inflation options, and waiting period. While exact figures vary, there are some general guidelines:
Factors That Influence Cost
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Age when you apply (earlier is usually cheaper)
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Current health and medical history
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Daily or monthly benefit amount
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How many years benefits can last
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Length of your waiting (elimination) period
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Whether you add inflation protection
When to Consider Buying
Many people look at long-term care coverage as part of a retirement review, often in their 50s or early 60s.
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You’re more likely to qualify while in relatively good health
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Premiums are generally more affordable versus waiting
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You can coordinate coverage with other retirement income plans
FREQUENTLY ASKED QUESTIONS
Long-Term Care Insurance FAQs
Have questions? Here are some of the most common things people want to know before they add Critical Illness coverage.
No. Medicare covers short-term skilled care only, not custodial long-term care.
Only if you meet strict income and asset requirements. It often limits where you can receive care.
It depends on your policy. Some allow it; others require licensed providers.
Typically in your 50s or 60s — earlier is cheaper and easier to qualify.
You choose 2-year, 3-year, 5-year, or lifetime benefit periods.
Some plans may increase; others are guaranteed level. We compare multiple options for you.
Long-term care insurance is a supplemental policy designed to help pay for extended custodial care needs. Eligibility, premiums, and benefits are based on the terms of the policy, your age, health history, and underwriting guidelines. Coverage, features, and availability can vary by company and by state.