Long-term care insurance. Insure the care years — for the parents, and for oneself.
It is a financial instrument.
It exists to relieve Parents need care and money you may not have, The money may run out before the life does and Care costs more per year than most people saved. That is the whole reason it is here: nothing enters this map without a human problem behind it.
It could not exist without Actuarial science and Insurance regulation. These are the quiet preconditions — remove any one and the solution stops working.
5 organisations in this map sell it, 3 of them publicly listed.
Its neighbourhood
Everything this entry connects to directly. Click any point to follow it.
The line back to a human being
2 hops from a person at a phase of life. The further a thing sits from the person, the more abstract it looks — and the more it tends to be mistaken for something that came from nowhere.
- SolutionLong-term care insurance
- FrictionParents need care and money you may not have
- Life phaseLate career
- Rooted inBelonging
- Rooted inMortality
- Rooted inScarce resources
Relieves
Requires
Who sells it
| Organisation | Value | Type | Products |
|---|---|---|---|
| Manulife | $55B | public · MFC | life, John Hancock, long-term care block |
| Unum Group | $14B | public · UNM | group disability, long-term care (closed block) |
| Genworth Financial | $3B | public · GNW | long-term care insurance, Enact mortgage insurance |
| Northwestern Mutual | mutual | whole and term life, disability, long-term care | |
| New York Life | mutual | whole life, annuities, long-term care |