A contract that pays the insured a specific daily amount (based on scheduled limits)for services to assist with the activities of daily living is:
A)Annuity insurance.
B)Disability insurance.
C)Long-term care insurance.
D)Medical insurance.

Question

Quizplus · Accepted Answer

Long-term care insurance specifically covers the cost of assistance with activities of daily living, such as bathing, dressing, and eating. Annuity insurance provides a guaranteed stream of income and disability insurance typically covers lost income due to injury or illness. Medical insurance covers medical expenses.

A Contract That Pays the Insured a Specific Daily Amount