What Is The Difference Between Long Term Care And Disability Insurance?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaLong term care insurance and disability insurance are both morbidity products. Disability insurance is paycheck protection for your income if you’re disabled and can’t work. Long term care insurance is senior care assistance when you can no longer care for yourself or you need some degree of help.Answered on July 2, 2013+01+1 this answer
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63333 POINTSview profilePeggy MaceMost of the U.S.Long Term Disability and Long Term Care have similar names, so it is easy to see how they can be confused. Long Term Disability is for those who are employed, and the benefit they receive would replace part of the income lost by suffering a long term disability. Long Term Care is for those who are in need of skilled care, and the benefit received either goes straight to the institution providing the care, or to the person receiving the care, to use as they wish.Answered on July 2, 2013flag this answer
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