Which type of insurance provides coverage for nursing care when a person cannot live independently?

Long-term care insurance is specifically designed to cover nursing care and other services when an individual can no longer live independently due to age, chronic illness, or disability. This type of insurance helps pay for various forms of long-term support, including in-home care, assisted living, and nursing facilities. It is particularly important because standard health insurance and Medicare often do not provide comprehensive coverage for long-term care needs, which can be significant and prolonged.

Health insurance typically focuses on acute medical care and does not cover the extended assistance that someone in need of nursing care might require. Life insurance is intended to provide financial support to beneficiaries upon the policyholder's death, and it does not relate to ongoing healthcare or living assistance needs. Property insurance protects against loss or damage to physical possessions and does not encompass personal health care services or nursing care. Thus, long-term care insurance stands out as the appropriate option for those seeking coverage for nursing care in the context of losing the ability to live independently.