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Long term care insurance |
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Long term care insuranceThe planning, by way of suitable insurance, for covering partially or in full, the cost of long term care in old age. The place of care may be the insured's own residence or a nursing home. In order to claim benefit, the insured must be disabled to the extent that he/she is unable to perform say three daily activities such as washing, dressing and eating/drinking.Similar MatchesInsurance premiumInsurance premiumThe amount payable by the insured in return for indemnification against specified risks. Executive insuranceExecutive insuranceIn the US, an insurance policy taken out on the life of a company executive or senior employee whose death would cause significant loss to the company. In the event of such a death the proceeds would be payable to the company. Known as 'keyman insurance' in the UK. Universal life insuranceUniversal life insuranceA combination of term life insurance and a savings element which is invested to provide a cash value build up. The policy is flexible in that the death benefit, savings element and premiums can be reviewed and altered from time to time as a policyholder's circumstances change. Insurance policyInsurance policyA contract detailing an insurance policy and outlining what risks are insured, what insurance premiums are to be paid by the policyholder, what deductibles prevail, and all the details associated with a policy. Replacement cost insuranceReplacement cost insuranceInsurance that pays out the full amount required to ../../finance-glossary/ damaged property with new property, without taking into account the depreciated value of the property. Further SuggestionsMultiple peril insurancewhole life insurance Conditional insurance third party insurance National Insurance sickness insurance Disability income insurance Guaranteed renewable policy insurance motor insurance contract of insurance legal expenses insurance non participating life insurance policy Private Medical Insurance umbrella personal liability insurance permanent health insurance (PHI) Letting insurance Insurance settlement homeowners insurance Export credit insurance Title insurance Straight term insurance policy endowment insurance Home Warranty Insurance Disability insurance Private Mortgage Insurance (PMI) |
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