1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    No, they are two different solutions to two different problems. Long Term Care Insurance protects you when you get sick and can no longer care for yourself. It helps pay the cost of Nursing Home, Assisted Living, or Home Healthcare. These costs can be devastating to a person and the legacy he or she wants to leave behind. Long Term Disability protects a persons income should that person become disabled for a long period of time. These policies are generally used by working individuals and business owners, whereas Long Term Care is typically utilized by older adults.
    Answered on March 25, 2015
  2. 11498 POINTS
    Jason Goldenzweig
    Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
    Nope. Long-term care insurance provides financial protection against the cost of having assistance with your daily life. For example, someone living in an assisted living facility or a nursing home has long-term care that is needed because without the assistance of others, they would not be able to live comfortably and would face difficulty getting around and taking care of themselves. Long-term care is typically most utilized by elder and retired persons.

    Long-term disability insurance refers to providing an income to you in the event you develop a disability that inhibits your ability to work in your field (make sure to check the definition of disability in your policy to see what qualifies as a disability - this can vary by company). For example, if you're a surgeon and develop a condition that affects your ability to perform surgery, that condition would affect your ability to earn an income in your field. To protect against the loss of income, a long-term disability policy would provide an income to you while you recover or transition to another occupation - again, this is where the "definition of disability" is critical.

    If you need assistance with your coverage, please feel free to send me an e-mail via the contact me button or give me a call. I'm happy to help and there are no fees for my assistance.

    I hope the information is helpful - thanks very much.
    Answered on March 26, 2015
  3. 10968 POINTS
    Tim Wilhoit
    Owner, Your Friend 4 Life, Brentwood TN
    Long term care insurance and long term disability insurance are separate and different products to solve two different types of problems.
    Long term disability insurance should be purchased when starting your career. These policies protect your income by paying you the policyholder up to 70% of your monthly income if you are ever injured or ill to a point where you are no longer able to work at your current occupation which you have been educated and trained to do.
    Long term care insurance should be purchased later in life usually 50s or 60s. These policies are designed to pay for help in your golden years. They usually start when a person can no longer take care of themselves at home. These policies progress with the patient from home care to assisted living to finally a nursing home. This allows a person to be cared for without liquidating their entire estate and be able to leave their estate to their loved ones.
    Answered on March 29, 2015
  4. 11783 POINTS
    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    Is long term disability insurance like long term care? Well, yes and no. If you were to become disabled during your working years you could use your long term disability coverage to pay for your care needs as long as the policy lasted. But long term disability is meant to cover your working years and most won't beyond 65 or in some cases 70. Long term care insurance is meant specifically for care situations and is not based on your working years or income loss to do illness or disability.
    Answered on October 28, 2015
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