How Long Does Long Term Care Insurance Pay? 
Long Term Care Insurance policies will pay for as long as they are set up to pay , or they will pay for as long as it takes to use the lump sum benefit up . E.g. . If someone purchases a plan that adds up to a total benefit of $ 100,000 , and if their cost to hire a relative to live with them is only $ 20,000 per year , the benefit can last 5 years . If they go to a nursing home , that benefit might only last 2 years . 