How Much Long Term Care Insurance Coverage Do I Need? 
The greatest risk to retirement is longevity risk . With many Americans living longer retirement income will be strained by the additional years of life expectancy . But the second retirement concern is assisted living and ' / or nursing home confinement . Long term care insurance can help mitigate the costs of care during your senior years . That cost could be as high as $ 400,000 to $ 450,000 . If you 're healthy , purchasing long term care insurance can be affordable and help relieve the financial pressure of living longer . You should consider buying the maximum benefits . 