Long-Term Care Insurance – Plan for Extended Care Needs

The rising need for long-term care planning

People are living longer across Buda, Kyle, and Austin, and many families will need help with daily activities at some point—at home, in assisted living, or in a nursing facility. Wealth Strategies helps you weigh costs, preferences, and coverage choices before a health event forces rushed decisions.

How long-term care insurance works

Coverage

Depending on the policy, benefits can pay for in-home caregivers, adult day care, assisted living, memory care, or skilled nursing.

Benefit triggers

Policies generally begin paying when you’re unable to perform two of six Activities of Daily Living or you have qualifying cognitive impairment.

Policy structure

We’ll tailor monthly benefit amounts, benefit periods, elimination periods, and inflation options to fit your plan and Texas costs.

Your Options

Our long-term care solutions

Self-insurance vs insurance

We’ll evaluate whether earmarked investments could cover care or whether a policy makes more sense.

Traditional LTC policies


Clear coverage for care needs; we’ll discuss pros and cons, including potential premium changes.

Hybrid life/LTC policies


Combine life insurance or annuities with LTC benefits—if care isn’t needed, remaining value can go to heirs. We’ll coordinate with life insurance decisions to keep the big picture aligned.

A man is sitting at a table holding a glass of wine.

Preserve your retirement and independence

 Extended care can strain a nest egg quickly. We’ll model scenarios and integrate with retirement planning so income, taxes, and care funding align with your wishes—whether you prefer to age at home near the Buda Amphitheater & City Park or consider local facilities.

Timing and suitability

Many clients start the conversation in their early 50s, but health, family history, and budget matter more than age alone. We’ll review your situation, walk through underwriting expectations, and outline next steps—without pressure.

Make a Plan

Get guidance on long-term care

Let’s discuss long-term care as part of your broader financial planning so every piece works together—investments, insurance, and estate wishes.