Long-term Care Insurance
Short Definition
Insurance that covers services for chronic illness, disability, or aging-related care needs.
Expanded Definition
Long-term care insurance helps pay for services like assisted living, home care, or nursing home care. It protects savings from high care costs and provides more choices for care settings.
Example/Use Case
After reviewing costs, Anna purchased long-term care insurance to cover potential future care.
Related Topics
Assisted Living
Skilled Nursing Facility
Home Health Care
Related Questions
What is long-term care insurance?
What does long-term care insurance cover?
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What is Long-term Care Insurance?
