Long Term Care Insurance
Studies show that 1 out 2 people will either need care in their home or be placed in a nursing home. Long term care insurance pays for that care. The insured can elect how much coverage they desire on a per-day basis.
(Ex. $100, $200, $300 per day)
LTC also protects the insureds home from being seized by the government. In the event that a person needs to be moved to a nursing home and is not insured, the government will seize the persons biggest asset (their house) in order to pay for the care needed.