Definition:

Individual Long-Term Care

Insurance purchased on an individual level that provides benefits when individuals no longer can care for themselves due to an accident, disability, prolonged illness, or aging. These benefits range from help at home with day-to-day activities; adult day care; assisted living; nursing home. This type of insurance is often incorporated into a long-range financial planning program as an asset protection tool.

Contributed By:
Bilyana Savic, PresidentMs. Bilyana Savic, President What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Insurance Insights
Request a Consultation with Ms. Bilyana Savic
Previous - Group Disability | Browse Full Dictionary | Long-Run Web-Fed Printing - Next

The GLG Industry Dictionary
is written by GLG Experts.

Apply to become a Council Member