Many families struggle to arrange long-term care, which can be very stressful. Long-term insurance helps families lessen at least half of the expenses. Also if you have retirement savings to cover your retirement expenses and need long-term care, it will quickly eat all of your savings. Having long-term insurance can protect your savings by sharing the financial burden. And long-term care insurance benefits are tax-free, so you don't have to withdraw money from taxable retirement accounts to pay for the premiums.