LTC insurance is a product which has still not captured the existing market, and the rules and tax regulations covering this product are slightly hazy, in terms of interpretations and complex requirements. To top it off, assisted living and long term care are becoming increasingly costly and out of the budgets of most retirees. Which makes it all the more important to study and understand all the options and requirements for LTC incurance.

In this section, we focus on the basics of long term care insurance, comparisons between tax qualified and non-tax qualified LTC insurance and the costs and premiums, as compared to other forms of insurance.