Long-Term Care Flashcard

Front

What is Long-Term care Insurance?

Back

Insurance for those with prolonged illness or disability

Front

What are the three main types of Long-Term Care Insurance?

Back

Traditional, Hybrid, Life Insurance with Long Term provider

Front

How much does Long-Term Care Insurance cover?

Back

Home nursing care; occupational, speech, physical and rehabilitation; general daily activities

Front

What is required to qualify for Long-Term Care Insurance?

Back

To be chronically ill

Front

What type of Long-Term Care Insurance does this describe? A policy that only covers long-term care expenses, such as home health care or nursing home care.

Back

Traditional

Front

What type of Long-Term Care Insurance does this describe? A universal life insurance policy with a long-term care rider.

Back

Life-Insurance w/ Long-Term Care rider

Front

What type of Long-Term Care Insurance does this describe? A policy that combines long-term care coverage with life insurance or an annuity.

Back

Hybrid

Front

Long-Term Care Insurance only applies to those at nursing homes.

Back

False

Front

There are many insurance companies that offer Long-Term Care Insurance.

Back

True