Most consumers aren't sure they will be able to cover their long-term care costs in retirement. That lack of confidence increases as people age.

A report by The Insured Retirement Institute found that 28 percent of Generation X are confident they will be able to meet their long-term care costs, but only 24 percent of Baby Boomers have the same opinion.

"There's an out-of-sight, out-of-mind mentality regarding long-term care," IRI President and CEO Cathy Weatherford said. "As consumers near retirement, the realization sets in that long-term care may be required and many begin to understand just how expensive it can be. Without a plan, the thought of meeting long-term care needs for either an individual or family member can be daunting. Yet when it comes to long-term care, similar to many other facets of retirement planning, the silver lining is that those who consult a financial professional have more confidence in covering the costs during retirement."