Asset Care
Plan for long-term care. Help protect what you’ve worked to build.
You’ve spent years saving for retirement, building financial security, and preparing for your family’s future. But if you eventually need ongoing care, how would you pay for it—and what would that mean for your savings?
Asset Care combines whole life insurance with long-term care benefits in one policy. The recurring premium option lets you spread payments over time. With lifetime Continuation of Benefits and inflation protection selected, it can provide a source of care funding designed for needs that may last for years.
At My Local Coverage, Marcus Robinson helps you understand how this coverage works, what it costs, and whether it fits your priorities.
Schedule Your Asset Care Review →
Why Long-Term Care Deserves Its Own Plan
Long-term care means ongoing help when you can no longer safely manage certain everyday activities on your own. That may involve assistance with bathing, dressing, eating, or moving between a bed and chair. Some people need supervision because of serious memory or cognitive changes.
Care can happen at home, in an assisted living community, or in a nursing home.
Medicare generally does not pay for ongoing custodial care. Its limited coverage for qualifying skilled care is different from the daily assistance someone may need for months or years. Without a separate funding plan, those expenses may fall on retirement income, savings, investments, or family members.
What Does Long-Term Care Cost?
There is no single price for care. The setting, location, hours of assistance, and level of support all matter. The latest available national figures from the 2025 CareScout Cost of Care Survey show:
Non-medical care at home: about $6,673 per month, or $80,080 annually, assuming 44 hours of care per week.
Assisted living: $6,200 per month, or $74,400 annually.
Nursing home, semi-private room: about $9,581 per month, or $114,975 annually.
Nursing home, private room: about $10,798 per month, or $129,575 annually.
These are national medians, not local quotes. Home-care figures do not represent around-the-clock care. Explore care costs in your area →
Tomorrow’s Care May Cost More
A care budget that looks sufficient today may cover less in the future. For illustration, using 3.46% annual cost growth, a care expense would approximately double over 20 years. Actual increases will vary by care setting, location, and year; this percentage is a planning assumption, not a verified 35-year historical average or a forecast.
That is why it is important to consider both your starting benefit and how it can grow.
How Asset Care Recurring Premium Whole Life Works
Think of the policy as three connected layers:
1. Whole Life Insurance Provides the Foundation
The policy provides permanent life insurance and cash value, subject to its terms. Recurring premiums spread funding over a selected payment period instead of requiring one large payment.
Available payment periods include 5, 10, or 20 years, or payments to age 95, depending on eligibility. Premiums for the issued coverage are guaranteed not to increase.
2. The Long-Term Care Rider Lets You Use Benefits While Living
The Acceleration of Benefits rider allows you to access the life insurance benefit for qualifying long-term care, subject to monthly limits.
In plain language, you can use part of the policy’s death benefit to help pay for eligible care while you are alive. Using these benefits reduces what remains available as a death benefit.
3. Lifetime Continuation of Benefits Extends Care Protection
The Continuation of Benefits rider, often called COB, provides additional eligible care benefits after the initial acceleration benefit is exhausted.
When the lifetime option is selected, qualifying benefits can continue for the rest of your life. You do not have to predict whether your care needs will last two years, five years, or much longer.
Lifetime protection refers to the benefit period. Payments remain subject to monthly limits, covered expenses, and continued claim eligibility—it does not mean every expense is paid without limits.
Inflation Protection: Helping Your Benefits Grow
Inflation protection increases eligible long-term care benefits over time, helping them retain purchasing power as care becomes more expensive.
Available compound growth options include 2%, 3%, or 5% annually, with increases for a selected duration. Your illustration will show how the chosen protection applies to both the initial care benefit and the continuation benefit.
The design discussed on this page includes lifetime COB and selected inflation protection. These riders carry additional premiums and must be included when the coverage is arranged.
Help Preserve Your Savings and Your Choices
An extended care need can create pressure to sell investments, withdraw additional retirement funds, or use money intended for a spouse or family.
Asset Care gives you another potential source of funding for eligible care. That can help reduce the amount you need to take from other assets—and reduce the likelihood of having to sell them at an inconvenient time.
The goal is to help preserve your financial flexibility while making needed care more manageable. It cannot guarantee that you will never need to use savings or sell assets. Premiums, uncovered expenses, and costs above policy limits still need to fit within your financial plan.
Common Questions
What if I never need long-term care?
A death benefit can remain for your beneficiaries, subject to the policy’s terms and any reductions from care benefits, loans, or withdrawals.
Does needing help automatically qualify me for benefits?
No. You must meet the policy’s claim requirements. These generally include a qualifying inability to perform at least two activities of daily living or severe cognitive impairment, along with required certification and a prescribed plan of care. Waiting periods and other conditions may apply.
Can I receive care at home?
Eligible home care is among the available care options. Covered services, provider requirements, and payment rules depend on the policy and rider involved.
How do I know whether this fits my situation?
We’ll review your budget, existing coverage, available assets, preferred care setting, and the amount of monthly protection you want. You’ll receive a personalized illustration showing premiums, benefits, and how the selected inflation option affects future coverage.
Protect Your Retirement With a Plan for Care
You don’t have to predict exactly what the future will bring. You can take steps now to understand your options.
Meet with Marcus Robinson to review how Asset Care Recurring Premium Whole Life—with lifetime care benefits and inflation protection—could fit your financial priorities.