Maximizing Your Peace of Mind: Top Long-Term Care Insurance Choices
Top-Tier Senior Care Policies for Extended Health Coverage
When you're exploring long-term care insurance, it's essential to find a provider that offers the perfect blend of robust coverage, financial stability, and exceptional customer service. We've done the legwork for you, wrapping up the cream of the crop in the long-term care insurance market. Here's our rundown:
A-Lister: Northwestern Mutual
Feed your appetite for comprehensive coverage with QuietCare from Northwestern Mutual. This top-tier policy boasts:
- Flexible Inflation Protection: Enjoy the assurance that your benefits stay in line with ever-rising costs.
- Couples' Benefits: Share the load with your significant other, thanks to this feature that fortifies coverage for partners.
- Lifetime Protection: With paid-up nonforfeiture benefits, there's never a complete loss of coverage, even if you skip a premium.
- High Benefit Ceiling: Finance intensive care costs with Northwestern Mutual's generous monthly maximum benefit of up to $12,000.
- Strong Financial Footing: Northwestern Mutual's solid financial strength promises to meet its future obligations.
- Online Claim Filing: Access benefits with ease thanks to the convenience of online claim submission.
However, QuietCare requires policyholders to wait six weeks before tapping into benefits.
Runner-Up: Thrivent
If you prioritize a religious focus in your life, Thrivent's long-term care insurance could be the comfort blankie you've been seeking. Offerings include:
- Maximum Generosity: Enjoy the highest monthly benefit amount in our review: Thrivent tops out at $15,000.
- 8-Year Coverage Period: Savor the extended benefits window, with an 8-year maximum benefit period.
- Financial Strength: Rest easy knowing Thrivent is robustly backed and should meet financial obligations for decades to come.
- Few Customer Complaints: Revel in impeccable customer service and rest assured your needs will be met promptly.
- Care Coordinator: Feel the extra attention with a dedicated healthcare coordinator on call.
- Policy Sharing: A Shared Care Benefit Rider lets partners share benefits if one policyholder's benefits run dry.
But remember that Thrivent does have religious requirements: applicants must be Christian or married to a Christian.
No Waiting Period Hero: Mutual of Omaha
Celebrate swift relief with Mutual of Omaha's policies, which offer the option to bypass the waiting period and start benefits right away. Key highlights include:
- No Waiting Period Option: Prep for care immediately, depending on your health status when applying.
- Few Customer Complaints: Bask in the confidence of seamless customer service and claims handling.
- Flexible Policy Options: Customize coverage to suit your needs perfectly.
- No Online Claims: Prepare for a potentially less convenient process when filing claims.
Longevity Champion: National Guardian
If an extended care period is your mission, grind for National Guardian's policies, which include the option for a lifetime benefit period:
- Lifetime Benefits at Your Fingertips: Extend coverage in the face of ongoing extended issues, like Alzheimer's.
- No Waiting Period Available: Skip the waiting game and dive head-first into benefits when sick or hurt.
- Few Customer Complaints: Relax into a soothing seas of superb customer service.
- Lower Monthly Benefits: A lower ceiling at $9,000 per month could fall short of extensive care expenses.
- No Online Claims: Grab a paper clip and pen to prepare for a more traditional claims experience.
Why We've Got Your Back
Investopedia's financial product reviews are grounded in rigorous research and analysis by our expert team. Our list of top long-term care insurance companies is the culmination of data from 11 companies, taking into consideration coverage, financial strength, customer complaints, and more to help you discover the perfect provider. Trust us—we've been fighting the good fight for financial clarity since 1999.
How We Scooped Out the Best Long-Term Care Providers
Our list of top long-term care insurance companies clusters 11 companies that meet Investopedia's standards for online transparency and financial strength. We compiled 32 data points from each company using information from company websites, media sources, rating agencies (AM Best and National Association of Insurance Commissioners), and customer service phone calls. Our research took place from April 2 to April 24, 2025.
Editorial policy.
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- LTC News. "Future Long-Term Care Insurance Rate Increase Risk Near Zero."
- AM Best. "Guide to Best's Financial Strength Ratings."
- Department of Health & Human Services. "Long-Term Services and Supports for Older Americans: Risks and Financing, 2022." Page 5.
- The regulation of long-term care insurance providers should consider the criteria of comprehensive coverage, financial stability, customer service, and transparency, as demonstrated by providers such as Northwestern Mutual, Thrivent, Mutual of Omaha, and National Guardian.
- In the DeFi (decentralized finance) landscape, insurers might explore the integration of Initial Coin Offerings (ICOs) to raise capital, following the footsteps of traditional finance firms that have successfully utilized this method.
- When scrutinizing personal-finance strategies, healthcare-and-wellness expenses, including long-term care, should be factored into one's overall financial plan, as they can significantly impact a person's peace of mind and future security.
- Science-backed health practices can play an essential role in minimizing the drawbacks associated with long-term care, helping individuals maintain their independence and quality of life for a more extended period.
- Northwestern Mutual, a leading insurance provider, offers QuietCare, an insurance policy that emphasizes robust coverage, financial strength, and customer service, despite facing criticism for its six-week waiting period for benefits.
- While Thrivent's long-term care insurance catering to Christians boasts generous benefits and few customer complaints, potential applicants might find the religious requirements a drawback to consider.
