Long-term care expenses vary based on geographic location and the type of care needed. This tool can help you estimate the cost of care for you or your loved ones’ unique needs.
If you’re just starting your journey to learn about long-term care, we’re here to help provide everything you need to know to make the best financial decisions for you and your family.
Long-term care is the help you may need if you’re unable to perform basic everyday tasks on your own, such as eating and bathing. As you age, you may want to consider how you would address a possible long-term care event.
The purpose of this material is solicitation of individual insurance. An insurance agent may contact you. Policy forms ICC18-LTCD PLCY (0218), LTCD PLCY (0218), LTCD-U PLCY (0218), ICC14-LTC6, LTC6, LTC6-U, and any state-specific, are issued by New York Life Insurance Company, New York, NY. Policy forms ICC20-AF-MP, ICC20-AF-SP, AF-MP, AF-SP, 316-60P & 316-284R, 316-150P & 316-283R and any state-specifics, are issued by New York Life Insurance and Annuity Corporation, Newark, DE, a wholly owned subsidiary of New York Life Insurance Company. The policies have exclusions and limitations. Underwriting approval is required to purchase coverage and a medical exam may be required. The company reserves the right to increase premiums in the future. For cost and complete details of the coverage, contact your agent or the company. New York Life Insurance Company and New York Life Insurance and Annuity Corporation have the sole financial responsibility for its own products.
ICC21-1891745 and 1891745.
1"How Much Care Will You Need?," U.S. Administration for Community Living, https://acl.gov/ltc/basic-needs/how-much-care-will-you-need, February, 2020.
2"Experience and Satisfaction Levels of Long-Term Care Insurance Customers: A Study of Long-Term Care Insurance Claimants," LifePlans, September 2016
3"Long-Term Services and Supports", AARP Public Policy Institute, August 2019.
4"Aging in America", Institute on Aging, https://www.ioaging.org/aging-in-america, 2023.
5“Caregiving in the U.S.” AARP and National Alliance for Caregiving. May 2020.
6“Caregiving in the U.S.” AARP and National Alliance for Caregiving. June 2015.
7New York Life Cost of Care Survey, 2023