Small Business Resources, Business Advice and Forms from AllBusiness.com

Long-Term Care Insurance

The best tips and advice from our vast library of articles, videos, and business tools

Browse Related Topics

Group Health Insurance
How many employees will the plan cover?

Business Glossary
icon - industry associations

Definitions for: long-term care insurance
long-term care insurance

insurance policy that pays some or all costs of nursing home care for qualified insureds. Premiums are based on the age of the applicant and are projected to remain stable for the life of the policy. Premium payments stop when the insured meets the qualifications for long-term care, which include medical necessity, cognitive impairment, and inability to carry out certain activities of daily living. Group policies are available.

Copyright © 2006, 2003, 1998, 1995, 1991, 1987, 1985 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

Search the Business Glossary:

icon - industry associations

Industry Associations

Industry Associations
American Association for Long-Term Care Insurance
Serves insurance and financial professionals who provide Long-Term Care (LTC) financing solutions. Promotes the importance of planning for long-term care needs. Creates heightened awareness among consumers for the need and ...

Founded: 1998
Dues: regular, $49 annual; regular, $79 biennial; regular, $99 triennial.