Long-term care insurance is a critical component of financial planning, protecting the high costs associated with extended care services in later life. With people living longer, the need for long-term care has become increasingly common, making this insurance essential for preserving savings and assets. By offering control over how and where care is received, peace of mind for both policyholders and their families, and proactive financial security, long-term care insurance ensures individuals can maintain their independence and dignity as they age.