Long Term Care is usually very expensive, which is why most people need insurance. For example, on average, nursing facilities providing skilled care charge $150 to $300 per day, which is more than $80,000 a year. If an individual has the assets to protect, a well-balanced retirement plan could include a LTC policy to protect the retirement savings from being depleted unnecessarily. In addition to Traditional LTC, there are also Non-Traditional policies that allow a client to access their premiums if LTC is never needed. In addition there are also Life Insurance contacts that have LTC riders which provide LTC benefits if needed.