LTC Fundamentals
This feature determines how long benefits are paid and may extend coverage if the monthly cost of care is less than the maximum limit.
What is the Benefit Period (BP)?
This option increases the Maximum Limit and Benefit Account Value each year, but the policyholder can choose whether to accept the increase.
What is Automatic Additional Purchase Benefit (AAPB)?
This discount applies when two individuals—either legally married or in a committed relationship—both maintain active, in-force policies.
What is the Spousal/Companion Two Discount?
For this policy feature, the insured must wait a selected number of weeks before benefits begin—common choices for this waiting period include these four durations.
What are 6, 12, 25, or 52 weeks?
This policy feature, Maximum Montly Limit (MML), sets the maximum amount payable per month for care, typically falling within this common range in most states.
What is $1,500 to $12,000?
This state requires an insured with a TT 2013 policy to surrender it before being able to purchase a UU policy.
What is Washington?