What is long-term care, and will I need it?

Many people think they won't need long-term care; however, research suggests they'll need it at some point in their life.1 And age isn't the only reason. A chronic illness or debilitating injury that keeps you from living on your own or properly caring for yourself can happen no matter how old you are. Many people also think that the costs of long-term care will be completely covered by health insurance or Medicare—but they're typically not. That's why it's important to have a plan in place. Our advisors will help you figure out the best option for you and your loved ones.

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Reasons to plan for your long-term care

Get quality care quickly

If something happens, having coverage means you'll have funds ready when you need them.

Choose where you get care

From at-home to a good facility, having a long-term care plan in place can help you afford it.

Safeguard your nest egg

Having a plan for long-term care can help make sure you won't lose a lifetime of savings.

Preserve your assets

Long-term care planning can help keep your financial legacy intact for your family, friends, or charity.

Put loved ones at ease

Those closest to you can focus on support rather than the physical, emotional, and financial burdens of your care.

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Care that's there when you need it.

Two children kissing their mother on the cheek at the beach.

From nurses or health aides at your home to an assisted living facility, adult day care center, nursing home, or hospice facility, planning for your long-term care can help put you in a better position to choose what's right for you. Even if you're not the one who needs it, there's a good chance you'll need to help plan for the long-term care for a loved one.2 Find out how long the average person needs long-term care.

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Learn more about long-term care options


This traditional long-term care option is typically more affordable than others and it can be purchased independently of other insurance policies.


By combining whole life insurance with a long-term care rider, you'll have long-term care coverage if you need it, but if you don't, your beneficiaries get the death benefit.

Life insurance with an accelerated payout

Help pay for long-term care expenses by tapping into the death benefit of a life insurance policy, but doing so will decrease the death benefit and surrender value.3

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Make your financial plan smarter with a plan for long-term care

The cost of long-term care is often underestimated. Should you need care, it could have a big impact on your ability to fund your goals, so it's important to plan for both. Our advisors will create a financial plan based on your priorities, tailoring it from a range of financial options to give you more flexibility, and confidence to go after your goals now, and years from now. Here's what our version of financial planning can do:

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  • Protect everything you've worked hard for up to now, and plan to do in the future

  • Make the most of your money with recommendations for saving and managing debt

  • Grow your money with the right investments to reach your goals

Our approach to planning

The Northwestern Mutual difference

97% of our policyowners stay with us year over year

The percentage of our policyowners who stay with us year over year.4

Statistic for Northwestern Mutual, based on Northwestern Mutual policyowner data.

4.9M+ clients at Northwestern Mutual

The number of people we're proud to call clients, and who put their trust in us

164+ years strong through depressions, downturns, pandemics, and two world wars

The number of years we've been there for our clients—through depressions, downturns, and pandemics.

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Our financial advisors will set up your brokerage account and help you find the right investments to take you where you want to go.

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