What is the average daily benefit range for long-term care policies?

The average daily benefit range for long-term care policies typically spans from $50 to $400. This range reflects the varying costs of long-term care services, which can differ significantly based on factors such as geographic location, type of care needed, and facility costs.

The lower end of the range acknowledges more basic or less expensive care options, such as in-home care or care in less costly facilities, while the higher end accounts for the increased expenses associated with more comprehensive or specialized care settings. Long-term care insurance policies aim to provide financial support that aligns with these varied costs, ensuring that policyholders can receive the necessary care without overwhelming financial strain.

This range helps individuals effectively plan for their potential long-term care needs, making option C the most accurate representation of average daily benefits found in the industry today.