| Accelerated Death Benefit | A life insurance policy’s death benefit that is used while the insured is still alive |
| Activities of Daily Living | The six activities of daily living are eating, bathing, dressing, toileting, transferring (in and out of bed), and continence |
| Adult Day Care | Community-based centers that provide supervision and assistance along with care and companionship for elderly adults during the day |
| Asset Care | OneAmerica (State Life Insurance Co.) hybrid long-term care insurance policy |
| Assisted Living | Facilities that provide senior adults with personal in a residential setting; facilities are similar to independent living communities except residents typically need personal care |
| Benefit Period | The duration of time you receive your long-term care benefit if the maximum monthly benefit is taken continuously, according to your policy |
| CareMatters | Nationwide’s hybrid long-term care life insurance product; most current version is CareMatters II |
| Chronically Ill | The inability to perform at least two activities of daily living without the assistance of a personal caregiver or a cognitive impairment such as Alzheimer’s or Dementia that requires supervision to protect health and safety |
| Elimination Period | The amount of days you have to wait before your long-term care benefits start, according to your policy; also commonly referred to as waiting period or deductible period |
| Home Health Care | Care service that is medical in nature and is provided by licensed practical nurses and home health aides at the client’s home |
| Hospice Care | Facilities that provide “end-of-life” care for individuals who are terminal |
| Hybrid Long-term Care Life Insurance | Permanent life insurance policy that combines the benefits of long-term care insurance and life insurance into a single policy; policy provides a long-term care benefit pool for ltc expenses and a death benefit if long-term care is never needed |
| Indemnity | LTC insurance benefit payments given to the policy owner as a set dollar amount check; no need for submission of receipts or bills of LTC expenses incurred |
| Inflation Protection | A policy option that increases your long-term care benefits to cover expected cost increases in long-term care services in the future; long-term care benefits are adjusted using simple, compound, or index-based adjustments, according to your policy |
| Long-term Care | A life changing event by which an individual is certified as “chronically ill” by a licensed health practitioner |
| LTC Benefit Amount | The initial amount available for long-term care expenses according to your policy; commonly referred to as the “long-term care benefit pool” |
| MoneyGuard | Lincoln Financial Group’s hybrid long-term care life insurance policy; most recent version is MoneyGuard II |
| Nursing Home | Licensed facilities that provide comprehensive skilled nursing care to long-term care patients ill |
| Personal Care | Non-medical care that provides assistance with activities of daily living and basic care needs; also known as custodial care |
| PremierCare | Pacific Life’s hybrid long-term care life insurance policy |
| Reimbursement | LTC insurance benefit payments based on the submission of bills and/or receipts of long-term care expenses incurred |
| SecureCare | Minnesota Life’s (Securian) hybrid long-term care life insurance policy |
| Skilled Care | Nursing and therapeutic care provided by licensed professionals for long-term care needs |
