Which type of insurance is typically used to cover long-term care services?

Long-term care insurance is specifically designed to cover the costs associated with long-term care services, which include assistance with daily living activities such as bathing, dressing, and eating, as well as care received in nursing homes or assisted living facilities. This type of insurance provides financial support to individuals who anticipate needing extended care due to chronic illness, disability, or age-related decline.

Unlike health insurance, which primarily covers medical expenses and hospital stays, long-term care insurance focuses on non-medical services and support that are essential for maintaining a person's quality of life over a prolonged period. Disability insurance, on the other hand, provides income replacement if a person cannot work due to a disability but does not cover long-term care expenses. Life insurance offers a death benefit to beneficiaries and is not intended for covering long-term care needs. Thus, long-term care insurance is the appropriate choice for addressing the specific requirements related to long-term care services.