Long term care is the kind of assistance required when you need help with personal care. The need for this assistance usually results from a qualifying event such as a disabling, short or long-term medical or physical condition. Long Term Care addresses a wide range of long term care and supportive services for people who may have cognitive impairment or who are unable to accomplish certain activities of daily living. Long Term Care Insurance has become an important consideration for financial planning. This type of insurance can help protect your assets from the devastating costs of care, allowing you to pass assets to your heirs. Private long-term-care insurance can help you maintain your independence; allow freedom of choice in care settings and there may be some federal, and possibly some state tax advantages.