Long Term Care Insurance. Group Long Term Care Insurance. With the current high cost of health care, very few people can afford the extended care that's often needed with chronic illness, injury or advancing age. In some regions, it can easily cost twice that amount.
Home care is less expensive but still adds up.
Personal assets of most individuals are often inadequate to cover long term care. Clearly, many individuals and families could see their assets quickly disappear. Especially since the vast majority of caregivers are family members. Today, almost one fourth of American households are providing informal care to a friend or relative. Unum is one of the leading providers of disability insurance in the U.S. today and offers both individual and group long term care insurance policies.