What type of insurance policy primarily assists individuals with long-term health care needs?

Long-term care insurance is specifically designed to provide financial assistance for individuals who require long-term assistance with personal care due to chronic illness, disability, or cognitive impairment. This type of insurance primarily covers services that are not typically included in regular health insurance plans, such as in-home care, assistance with daily living activities, and nursing home care.

Unlike term life insurance, which provides a death benefit for a specific period, and whole life insurance, which offers a death benefit along with a cash value component over the insured's lifetime, long-term care insurance directly addresses the needs of individuals who anticipate requiring extended care services. Accident insurance, while helpful in covering injuries resulting from accidents, does not cater to the longitudinal care needs of those suffering from ongoing health issues. Therefore, long-term care insurance is the most appropriate choice for individuals seeking assistance with long-term health care needs.