Top 5 Myths About Long-Term Care Insurance (And the Truth Behind Them) When people hear “long-term care insurance,” they often react with hesitation—or avoid the conversation altogether. Much of that comes from outdated or misunderstood information. Let’s clear up the confusion by addressing the five most common myths: Myth #1: "I’ll never need long-term care." The reality is that 7 of 10 people over age 60 will need some form of extended care—whether at home, in assisted li