Long-term care insurance is a type of insurance policy that is designed to cover the costs associated with long-term care services, which are typically not covered by traditional health insurance policies. Long-term care services may include things like nursing home care, home health care, assisted living, and adult day care.

The purpose of long-term care insurance is to help individuals and their families pay for the high costs of long-term care, which can quickly deplete savings and assets. Long-term care insurance policies typically have a benefit period and a benefit amount, which determine how long and how much the policy will pay for covered long-term care services.

It's important to note that long-term care insurance policies can be expensive, and premiums may increase over time. Additionally, coverage may be limited by pre-existing conditions, age, and other factors. As such, it's important to carefully review policy terms and consult with a financial advisor or insurance professional before purchasing a long-term care insurance policy.