There are many different kinds of life insurance and they serve different purposes. Term life insurance (cheaper insurance that usually only lasts for a specific period of time) is an inexpensive way to protect your family when you are younger and still working. It can be used for income replacement, burial, or simply to provide emergency assistance in the early years. It does not build up any cash value, can’t be borrowed against, and usually doesn’t have any terminal illness or long-term care benefits. Whole life insurance has cash value, is more costly to obtain, and can have some provisions that help in the later years of life. One of these provisions is a long-term care rider that provides benefits for in-home or skilled care. It depends on each specific policy and we can help you review what you have and see what features it offers. Knowing whether your family will have any life insurance proceeds upon your death is very helpful for planning purposes.