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Nursing Home Insurance Terms

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Long-term care (LTC) insurance is defined as coverage available on an individual or group basis to provide medical and other services to patients who need constant care in their own home or in a nursing home

Survivorship Life Insurance is a type of whole life insurance which insures two people and pays benefits only after the second person dies. It is generally designed to provide funds to pay estate taxes. Also called second-to-die life insurance, "joint and last survivor" and "last-do-die" insurance

Disability insurance typically provides disability income benefits that begin at the end of a specified waiting period and that continue until the earlier of the date when the insured person returns to work, dies, or becomes eligible for pension benefits.

Cancer Insurance has become popular primarily due to the devastating nature of the disease on families, the huge medical costs involved in treatment and the increasing rates of both incidents of the disease and survival rates with proper treatment.

Nursing home Insurance

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