Most people picture retirement as a time to relax, travel, and enjoy life. But one of the biggest threats to that vision isn’t market volatility — it’s the cost of long-term care. Nearly 70% of people turning 65 today will need some form of long-term care, according to the U.S. Department of Health and Human Services. The question isn’t whether care will be needed, but how it will be paid for.
When There’s No Plan
Without long-term care coverage, even well-prepared retirees can face difficult choices.
The cost of care continues to rise, with home health aides averaging over $5,000 per month, and nursing home care often exceeding $9,000 per month nationwide.
Covering these expenses out of pocket can quickly drain savings, disrupt retirement income, and place financial or emotional strain on family members. Many people end up sacrificing lifestyle goals or relying on loved ones for care, outcomes that could have been avoided with proper planning.
When There Is a Plan
Long-term care insurance provides the financial foundation to protect what clients have built and preserve their independence.
A well-structured policy can:
- Help protect retirement savings and income
- Provide choice and flexibility in how and where care is received
- Reduce stress and burden on loved ones
- Offer tax advantages in certain situations
Rather than reacting to a crisis, they can focus on recovery, comfort, and quality of life.
Why Mutual of Omaha
For over a century, Mutual of Omaha has helped families plan for life’s uncertainties. Our Long-Term Care Insurance solutions are designed to offer flexibility, stability, and peace of mind through:
- Customizable benefit options to match client needs and budget
- Shared care benefits for couples
- Inflation protection to help offset rising costs
- Strong financial backing and responsive claims support
With our solutions, they’re not just preparing for possible care — they can protect their choices, savings, and independence.
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