A 2005 study led by Peter Kemper project that people turning 65 at that time would need long-term care for three years on average, and that more than 5% would spend $100,000 or more of their own money on long-term care. Nursing home care averaged $239 a day for a private room in 2011, according to a MetLife survey. Clients looking for a more affordable policy could be satisfied with a benefit package that includes time with a home health aide or adult day care. In some cases, people can be allowed to remain in their home with 10 to 15 hours of respite care per week. 

Read the story.