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Prudential Advisors
1060 Broadway #1160
Albany, NY 12204
Phone: 800-243-5334
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Website: letstalkfinancialwellness.com
March/April 2026
Benefits of Long-Term Care Insurance
Long-term care (LTC) insurance offers crucial financial protection for individuals who require ongoing assistance with daily activities due to aging, chronic illness, or disability. As healthcare costs rise, LTC insurance offers significant benefits, making it an essential consideration for many.
Financial Security
LTC insurance covers expenses for services such as in-home care, assisted living, or nursing homes, which can cost $50,000 to $100,000 annually, according to 2025 estimates. Without coverage, these costs can deplete savings, burden families, and force them to rely on Medicaid, which may limit their care options. LTC insurance preserves personal assets and retirement funds, ensuring financial stability.Flexible Care Options
Policies typically cover a range of services, from home health aides to adult daycare, allowing individuals to choose care settings that suit their preferences. This flexibility supports aging in place, which 70% of seniors prefer, according to AARP data, thereby enhancing comfort and independence.Reduced Family Burden
Without LTC insurance, family members often become unpaid caregivers, leading to emotional and financial strain. LTC coverage alleviates this by funding professional care, preserving family relationships, and reducing stress. According to Bankrate, in 2025, with 46% of Americans lacking sufficient emergency savings, relying on family support is increasingly unsustainable.Tax Advantages
Premiums for qualified LTC insurance may be tax-deductible as medical expenses, subject to IRS limits based on age. For small business owners, the One Big Beautiful Bill Act (OBBBA) of 2025 enhances deductions for employerprovided benefits, potentially lowering costs for self-employed individuals or those offering LTC to employees.Why It's Important
LTC insurance is crucial for those over 50, individuals with chronic health conditions, or those with family histories of prolonged illness, as 52% of people turning 65 will need longterm care, per the U.S. Department of Health. Planning early—ideally in one's 50s—secures lower premiums and better coverage options.While not everyone needs LTC insurance, it's vital for those prioritizing financial independence and quality care. Consulting a financial advisor can clarify costs and benefits, ensuring informed decisions.
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Securities offered through LPL Enterprise (LPLE), Member FINRA/SIPC, and an affiliate of LPL Financial. “Prudential Advisors” is a brand name for the proprietary retail sales channel of The Prudential Insurance Company of America (“PICA”) and its insurance company and other affiliates (collectively “Prudential”). Prudential Advisors financial professionals are licensed insurance agents of Prudential. Pursuant to a strategic relationship among Prudential, LPLE, and LPL Financial, Prudential Advisors financial professionals provide securities brokerage services through LPLE, an affiliate of LPL Financial. These financial professionals are permitted to brand under “Prudential Advisors.” LPLE and LPL Financial are not affiliated with Prudential.
This newsletter is general educational information provided by a Prudential Financial Professional and is not intended to market or sell any specific products and services, but rather provide general information about the subject matter covered only. Prudential Advisors and LTM Marketing Solutions, LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Marketing Solutions, LLC, an unrelated third party. Articles are not written or produced by the named representative.
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