Northwestern Mutual LOG IN LIFE & MONEY FIND A FINANCIAL ADVISOR CLAIMS LONG-TERM CARE Build a long-term care plan for your family. What is long-term care? Long-term care is something that most people may not think they need, or might think is covered by health insurance or Medicare. The fact is, if you live to be 65, there's a 70% chance you'll eventually need some kind of long-term care.1 But aging isn't the only reason to plan for long-term care—it's there for you if a chronic illness or disabling injury prevents you from living on your own or properly caring for yourself, no matter how old you are. Long-term care helps with day-to-day tasks like bathing, eating, getting dressed, and getting in and out of bed. And it includes care provided by nursing homes, assisted living facilities, adult day care centers, hospice facilities, and skilled nurses or home health aides in your (or your loved one's) home. If you're not the one who needs it, there's a good chance you'll need to help care for a loved one.2 And having a long-term care plan in place can help you continue to live well without sacrificing the income, investments, and savings you've worked so hard for. Picture of the number 1. 1 IN 5 Americans expect to provide long-term care for a loved one in the future.2 Reasons to plan for long-term care 1 You want to be able to get quality care quickly. If something happens, a long-term care plan helps you have the funds ready when you need them. 2 You want the freedom to either stay at home, or get care at a good facility. Whatever choice you make, having a long-term care plan in place helps you afford it. 3 You want to protect your nest egg. Planning for long-term care can help prevent losing a lifetime of savings. 4 You want to be able to leave an inheritance. Long-term care planning helps keep your legacy intact for your family, friends, or charity. 5 You don't want to rely on your children to take care of you. Let your loved ones be there for support without the burden of figuring out how to cover the cost of your care. Take the next step. Our financial advisors can help with your long-term care planning and determine if it fits into your bigger financial plan. LET'S TALK RELATED LINKS Cost of Care Calculator C.A.R.E. Study 1U.S. Department of Health and Human Services What is the Lifetime Risk of Needing and Receiving Long-Term Services and Supports? 2Northwestern Mutual's 2018 C.A.R.E Study https://news.northwesternmutual.com/2018-care-study Find What You're Looking for at Northwestern Mutual Northwestern Mutual General Disclaimer Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company and its subsidiaries. Life and disability insurance, annuities, and life insurance with long-term care benefits are issued by The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM). Long-term care insurance is issued by Northwestern Long Term Care Insurance Company, Milwaukee, WI, (NLTC) a subsidiary of NM. Investment brokerage services are offered through Northwestern Mutual Investment Services, LLC (NMIS) a subsidiary of NM, broker-dealer, registered investment adviser, and member FINRA and SIPC. Investment advisory and trust services are offered through Northwestern Mutual Wealth Management Company (NMWMC), Milwaukee, WI, a subsidiary of NM and a federal savings bank. Products and services referenced are offered and sold only by appropriately appointed and licensed entities and financial advisors and professionals. Not all products and services are available in all states. Not all Northwestern Mutual representatives are advisors. Only those representatives with "Advisor" in their title or who otherwise disclose their status as an advisor of NMWMC are credentialed as NMWMC representatives to provide investment advisory services. Northwestern Mutual Footer Navigation About Us Newsroom Careers Information Protection Business Services Contact Us FAQs Legal Notice Sitemap Privacy Notices Connect with us Facebook iconConnect with us on Facebook Twitter iconFollow Northwestern Mutual on Twitter LinkedIn iconVisit Northwestern Mutual on LinkedIn Instagram iconFollow Northwestern Mutual on Instagram YouTube iconConnect with Northwestern Mutual on YouTube Over 6,400 Financial Advisors and Professionals Nationwide* Find an Advisor Footer Copyright *Based on Northwestern Mutual internal data, not applicable exclusively to disability insurance products. Copyright © 2021 The Northwestern Mutual Life Insurance Company, Milwaukee, WI. All Rights Reserved. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company and its subsidiaries.