Long-term care insurance is a type of insurance designed to cover the costs of long-term care services, which may include assistance with daily activities like bathing, dressing, and eating, often needed as individuals age or face chronic health issues. This insurance plays a crucial role in addressing the financial challenges associated with caring for an aging population, particularly in countries that have experienced demographic shifts due to policies like the one-child policy.
congrats on reading the definition of long-term care insurance. now let's actually learn it.