Which type of insurance assists individuals who require continuous care from another person?

The correct choice is long-term care insurance, which is specifically designed to cover the costs associated with long-term care services. This type of insurance is vital for individuals who find themselves needing continuous assistance with daily activities, such as bathing, dressing, or eating, due to chronic illness, disability, or cognitive impairment.

Long-term care insurance helps alleviate the financial burden of care that can extend for years and often surpasses typical health insurance coverage limits. It provides support for services received in various settings, including nursing homes, assisted living facilities, or even at home, ensuring that individuals can receive the necessary care without depleting their savings.

This makes long-term care insurance uniquely suited for those in need of ongoing care, compared to other forms of insurance, which do not specifically address these long-term care needs. Life insurance primarily provides financial security to beneficiaries upon the policyholder’s death, health insurance mainly focuses on medical expenses arising from illnesses or injuries, while commercial insurance caters to businesses and their associated risks.