What Happens To Long Term Care Insurance If Not Used? 
There are Long Term Care products combined with Life Insurance that make sense because if you do n't loose them and perish your beneficiary receives a death benefit ... so it 's not use it or loose it LTC insurance . Unlike traditional Long Term Care -LRB- LTC -RRB- with a life insurance plan your premiums do not go up ... they stay the same . Some plans allow you to have an immediate family member as the caregiver and they would receive the LTC funds . Funds can also be used for home modifications . Did you know that 70 % of claims are for Home Health Care ... not Medical Facility Care ? People want to stay in their own home as long as they can before being moved to a medical home this Life Insurance Long Term Care is a great option . This particular plan I mentioned above does not require you to submit bills . It pays out a specified amount each month regardless of your expenses . This plan is a single lump sum pay , 6 year pay or 10 year pay so you wo n't be stuck paying for life . Also , funds received can be above the allowed HIPPA Cap . Let me know if you would like more information on this Life Insurance Long Term Care plan ... or would like to see rates for your specific age . 