Why Purchase Long Term Care Insurance? 
People purchase long term care insurance because they want to protect their assets , and because they want to be involved in the decisions about what long term care they receive . Having a long term care insurance policy can pay the insured person funds that can be used to pay for a home health aid , personal assistant so they can live in an independent living residence , or monthly charge for assisted living or nursing home . While it gives the person freedom to choose the care they are most comfortable with , it also allows them to hold onto their assets that might have to be spent on long term care , without insurance . 