A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- Disability InsuranceCoverage that replaces part of your income if an injury or illness keeps you from working.
- Long-Term DisabilityInsurance that replaces part of your income for years or until retirement if you cannot work due to a lasting condition.
- Elimination PeriodThe waiting time between when a disability begins and when your benefit payments actually start.
- PremiumThe regular payment you make to keep an insurance policy active, usually billed monthly, quarterly, or yearly.
- BeneficiaryA person or entity you choose to receive assets from a will, trust, account, or insurance policy.
- Net WorthWhat you own minus what you owe — the clearest scorecard of your financial progress.
Turn this into a brick
Knowing what Long-Term Care Insurance means is knowledge — the first half. A brick gets placed when you act on it.
More in Insurance
Plain-English education — not personalized legal, tax, or investment advice.