Care needed when you can't perform daily living activities independently. Can include nursing home care, assisted living, or home health care.
Insurance that helps cover the cost of long-term care services. Premiums are often cheaper when purchased at younger ages.
Insurance that pays benefits if death or dismemberment results from an accident. Usually supplements regular life insurance coverage.
The actual cost of providing insurance coverage, particularly relevant in permanent life insurance policies. Increases with age and health conditions.
The amount paid to beneficiaries upon the death of the insured person. Can be structured as a level amount or increase over time.