Multiple choice general knowledge

What is long-term care insurance?

  1. A policy couples should purchase when they have children.

  2. Insurance policies adult children should take out on their older parents to cover dependent care expenses.

  3. Policies individuals over 65 are required to purchase

  4. An individual insurance policy to help when you are unable to care for yourself due to prolonged illness or disability
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Long-term care insurance provides coverage for extended custodial or medical care when individuals cannot perform basic daily activities (bathing, dressing, eating) due to chronic illness, disability, or cognitive impairment. It covers nursing homes, assisted living, or home care, services Medicare typically excludes. LTC is most relevant for older adults but isn't mandatory.

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