Long-term Care Future Needs
Long term care insurance is all about what your future needs may be relative to the amount of care necessary. The policy will pay out on a “per day” basis generally at the end of every month directly to the nursing facility you are in. The reason the pay out is “per day” is because it will cost the same amount each and every day of your stay.
Here is more reading on the daily benefit of a long term care insurance policy.