BUISENESS MANAGEMENT
RISK MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is true about long-term care insurance?
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Long term can only be purchased individually
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It helps those in assistant living
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It helps accommodates for disabilities
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All the above
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Explanation:
Detailed explanation-1: -Long-term care insurance provides coverage for the costs of long-term care associated with the activities of daily living, such as eating, bathing, dressing, and other needs. The need for long-term care may be due to a chronic illness or injuries that require extended rehabilitation and care.
Detailed explanation-2: -The most common type of long-term care is personal care-help with everyday activities, also called “activities of daily living.” These activities include bathing, dressing, grooming, using the toilet, eating, and moving around-for example, getting out of bed and into a chair.
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