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).
Reimbursement LTC Insurance Policy. This is the most common type of long term care insurance policy. With this policy, you are reimbursed for actual charges. For example, if you buy a $200 a day policy and your bill is $150 a day, you are reimbursed $150 and the balance of the money stays in the pool. More about Reimbursement long term care insuranceÂ».