What coverage limit is standard for long-term care according to the text provided?

The standard coverage limit for long-term care insurance is often set at $300,000. This amount is typically considered sufficient to cover a range of services associated with long-term care, such as nursing home stays, home healthcare, or assisted living expenses, over an extended period. Having a coverage limit like this helps ensure that policyholders can access necessary care without excessively depleting their savings, guiding them towards financial security in the event of health complications that necessitate long-term care services.

This standard limit reflects industry practices and is often implemented to balance adequate coverage while keeping premiums manageable for consumers. Other amounts may be offered by insurers, but $300,000 is recognized as a widely accepted threshold for long-term care policies.