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).
Why consider long term care insurance? Long term care can be expensive, and at least 70% of people over 65 will need long term care services and support at some point in their lives.1 Having a plan for long term care can help you find practical and affordable ways to help pay the high costs of long term care services.hy consider long term care insurance? Long term care can be expensive, and at least 70% of people over 65 will need long term care services and support at some point in their lives.