I already have disability insurance. Why should I buy long-term care insurance?

Disability insurance is intended to replace your income in the event of a disability. Long-term care insurance is intended to pay for expenses incurred when long-term care is needed. A good disability insurance policy will provide enough income to allow you to maintain your standard of living while recovering from a long-term disability. However, it will not necessarily provide enough money to cover the increased expenses of long-term care. Such expenses will need to be covered by health insurance (which only rarely covers any portion of LTC), out-of-pocket payments, or long-term care insurance.