Long Term Care insurance is a hot topic in the insurance industry. Private rooms in nursing homes are costing around $90,000 per year and the cost is not expected to decrease. Long-Term Care insurance is protection of your assets from being spent down in the event you need assistance living at home or in a nursing home. Shifting this risk to an insurance company will help ensure your needs are met should you need living assistance and to help keep assets available for your heirs instead of having to spend everything and leaving a less than desired amount behind.