Emma is planning for her retirement and wants to have additional insurance which will pay for any additional help she may need some day with regard to her own personal care such as eating and bathing. Emma should consider enrolling in ________ insurance.

Question

Quizplus · Accepted Answer

Long term care insurance is designed to cover the cost of personal care services that may be needed in the future due to aging, disability, or illness. This can include assistance with daily activities such as bathing, dressing, and eating. Long term disability insurance only covers a portion of your income if you become unable to work due to an injury or illness, while short term disability insurance covers a shorter period of time. Life insurance pays out a benefit to beneficiaries upon the policyholder's death, and point of service insurance refers to a type of health insurance plan that allows you to choose providers both in and out of network. Only long term care insurance would provide the specific coverage Emma is seeking.

Emma Is Planning for Her Retirement and Wants to Have