Most people require long-term care for 3–5 years, with 20% needing care for 5+ years. Funding options include traditional long-term care insurance, hybrid life-LTC policies, annuities with LTC riders, self-insuring, and Medicaid. Traditional LTC premiums have risen, so evaluating insurer stability is crucial. Hybrid policies offer fixed premiums but higher upfront costs. Qualified Longevity Annuity Contracts can delay required minimum distributions and provide later-life income.