Currently there are no standard benefits as they relate to long-term care insurance. The definition of a benefit can vary from company to company, coverages will come packaged in different combinations, some policies cover only nursing home care, some only home care, and then there are very comprehensive policies that will even provide for homemaking services. Coverage, cost, when you become eligible for benefits, what you desire as a daily benefit, are just a few of the things that should be in the forefront of your mind when shopping for coverage. Before you buy, it is important to read and understand all of the coverage definitions for coverages being included in your policy, check the Company's ratings, and obtain several quotes.
There are many ways to design your policy and each individual must weigh the importance of coverage versus cost and affordability.
Glossary (policy benefits, options, terms)
The coverage definitions below are general and each policy may be different. This information is provided only to help you understand what is available in order that you can determine what coverage will best suit your needs.