New York Insurance Exam Practice Question
Which type of insurance covers long-term nursing home care?
Correct Answer: C
Rationale: Long-term care insurance specifically addresses the costs associated with extended nursing home care, making it the most appropriate choice.
Health insurance generally covers short-term medical expenses but does not typically include long-term custodial care.
Disability insurance provides income support for individuals unable to work due to a disability, rather than covering long-term care services.
Life insurance offers a death benefit to beneficiaries but does not cover any healthcare or long-term care costs while the insured is alive. Thus, long-term care insurance is uniquely designed to meet the needs of individuals requiring prolonged assistance.
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