Cost is typically cited as the greatest reason why many forego long term care coverage, so new features that provide shared benefits between spouses may make long term care insurance more affordable.
It’s really a simple idea. For example, if each spouse of a married couple has a long term care policy providing 3 years of long term care benefits, some or all of the total 6 years of benefits including both policies may be shared between the two of them. This shared LTC plan design has more affordable long term care insurance premiums than two separate polices each with 6 years of benefits.
Share the benefits and share the cost too.