Consider again the earlier example. The VAR for a single loan is $2 million. The expected shortfall from a single loan when the time horizon is one year and the confidence level is 99% is, therefore, the expected loss on the loan, conditional on a loss greater than $2 million.
Long-term care is a range of services and supports you may need to meet your personal care needs. Most long-term care is not medical care, but rather assistance with the basic personal tasks of everyday life, sometimes called Activities of Daily Living (ADLs) , such as: 1  Bathing. 2  Dressing. 3  Using the toilet. 4  Transferring (to or from bed or chair).
Long term care insurance will typically cover the cost for in-home care, assisted living, adult day care services, skilled nursing or nursing home stays, hospice care, respite care and memory care for Alzheimerâs and Dementia.ong term care insurance is a type of insurance that is available for people to privately pay for. It is not health insurance, but instead helps with the cost of long term care that is required what a person can no longer perform the Activities of Daily Living (ADLs).