| Long
Term Care Options |
| Daily Benefit |
|
| How much the policy pays
out per day for nursing care or
home health care is the Daily
Benefit. |
| Benefit Period |
|
The length of time for
which a policy will continue to pay
the benefits associated with
long-term care is the Benefit
Period. |
| Elimination Period |
|
With most policies, your
benefits won't start the first day
you go to a nursing home
or start using home care. During an
Elimination Period, the policy will
not pay the
cost of long-term care services. |
| Inflation Protection? |
|
There is an option with
most plans called an Auto
Inflation Rider, available at
an
additional cost, which increases
the benefits according to the rises
in inflation. For Texas
consumers, compound protection must
be rejected before other forms are
considered. |
| Nonforfeiture Benefits |
No
Yes |
| Nonforfeiture benefits
in policies, available at an
additional cost, provide that at
least some
benefits will be paid even if the
buyer fails to keep up premium
payments and the policy is
cancelled for non-payment. |
| Preferred Payment Mode |
Annual
Semi-Annual
Quarterly
Monthly |
The Payment Mode indicates whether you want to pay
for the insurance once a year
(annually), semi-annually,
quarterly or monthly. When not
paying annually there is
usually an additional
administration fee. |