Long-term care insurance (LTCI) can provide financial protection for individuals who may need assistance with activities of daily living, such as bathing, dressing, and eating, as they age. It can help cover the cost of in-home care, assisted living facilities, or nursing homes. Having LTCI can also help preserve assets and maintain independence, as it can pay for care without depleting savings or requiring the sale of a home. Additionally, LTCI policies can also include additional benefits such as coverage for home modifications and hospice care. Overall, LTCI can provide peace of mind and financial security for individuals and their families as they plan for their long-term care needs.