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Key points include: Your likelihood of needing long-term care at some point in your lifetime is about 56 percent if you’re age 65 or older. However, that statistic changes to 45 percent when it comes to paid care. Factors that influence your need for paid care include gender, marital status, income level, and health status. Women, unmarried individuals, and those with lower incomes are more likely to need long-term care.

What to know: You won’t need long-term care coverage until you do. Expenses can create a heavy burden on families amidst unexpected health events, so consider your options for insurance sooner rather than later.