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You pay for long term insurance by sending the insurance company a check every month, three months, six months or annually. The payment can be paid electronically through a checking account and there may be insurers that bill you directly.
Each carrier is different so you can ask your full-time broker to explain the billing methods of the companies.
Regarding how long you pay, it depends how long you want coverage. Until you are collecting on a claim, you would have to pay premiums.
If you want continued coverage for long term care, especially into your old age then you need to pay until you’re dead. Some hybrid life and annuity products have long term care riders attached or embedded into the policy that may be able to mitigate some of the cost. And if you don’t use the rider, there are still some cash value benefits.
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Each carrier is different so you can ask your full-time broker to explain the billing methods of the companies.
Regarding how long you pay, it depends how long you want coverage. Until you are collecting on a claim, you would have to pay premiums.