Long term care insurance pays a daily or monthly benefit amount, which is determined by the policyholder's chosen coverage. The coverage amount can vary widely depending on the policy, but typically ranges from $100 to $500 per day or more, with some policies offering a lifetime maximum benefit. It's important to carefully review the policy details to understand the specific coverage amounts, any limitations, and the duration of coverage. Additionally, the payout may be influenced by factors such as the type of care received (in-home care, assisted living, nursing home care), the policy's elimination period, and any inflation protection options chosen by the policyholder. Overall, the coverage amount for long term care insurance is customizable and should be tailored to the individual's anticipated long term care needs.