Safeguard your financial health with long-term care insurance.

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Long-term care insurance offers a method to help pay for extended at-home, assisted living or nursing home care expenses.

As we age, many of us may need long-term care, which is covered by Medicare insurance only in the short term and under very strict conditions. In fact, almost 70% of people turning 65 will need long-term care at some point in their lives.

However, with the ever-increasing cost of nursing home and in-home care, the expense for such care could be out of reach for many Americans. Long-term care insurance can be a solution to help manage these expenses.

What should you consider before you purchase long-term care insurance?

Daily benefit - Amount of money you will receive from the insurance company on a daily basis for your care.

Benefit period - Length of time you will receive payments from the insurance company once you need care.

Elimination period - Number of days that you will be responsible for paying for your care before the insurance begins to pay.

Make long-term care insurance a part of your comprehensive financial plan.

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Long term care is offered through insurance companies with which Waddell & Reed, Inc., has sales arrangements.

This information is provided for informational and educational purposes only. Waddell & Reed believes the information has been obtained from sources considered to be reliable, but does not guarantee the accuracy of the information provided. This information is not meant to be a complete summary or statement of all available data necessary for making financial or investment decisions and does not constitute a recommendation.

Please note that the information provided may include references to concepts that have legal, accounting and tax implications. It is not to be construed as legal, accounting or tax advice, and is provided as general information to you to assist in understanding the issues discussed. Neither Waddell & Reed, Inc., nor its Financial Advisors give tax, legal, or accounting advice.

This information is not meant as financial or investment advice pertaining to your personal situation. The selection of appropriate investment, insurance or planning options and/or strategies should be made on an individual basis after consultation with appropriate legal, tax and financial advisors. Nothing contained herein is intended as a solicitation or an offer to buy or sell any product or service mentioned and they may not be suitable for all investors.

Securities offered through Waddell & Reed, Inc., Member FINRA/SIPC, are not insured by FDIC, NCUA or any other government agency, are not deposits or obligations of the financial institution, are not guaranteed by the financial institution, and are subject to risks, including the possible loss of principal. Insurance products are offered through insurance companies with which Waddell & Reed has sales arrangements. Guarantees provided by insurance products are subject to the claims-paying-ability of the issuing insurance company.

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