Answer: (b), Insurance policy used after regular medical coverage is maxed out, and a person needs daily assistance for medical reasons Long Term Care Insurance (or "LTC") assists in covering the costs after health insurance and disability insurance has been completely used. Purchasers sign up for long term care insurance to insure they will be covered when they no longer have coverage from their health insurance. Purchasing LTC when young can dramatically reduce the premium. This type of insurance covers daily living needs such as bathing, dressing, eating etc. The plan insures the patient at home, in an assisted living facility, or in a nursing home. In addition, in the event that a person contracts with Alzheimer's or other severe impairment, this coverage protects the insured's assets so they are not completely wiped out. More facts can be located on these Web sites: www.JohnHancock.com/learnthebasics/LongTermCareIns www.aarp.org/aarp_benefits/offer_health/health_care_long_term.htmlwww.aarp.org/money/financial_planning/sessionfive/longterm_care_insurance.html
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Takeover
A "takeover" occurs when one company (the "acquirer") purchases or acquires...
