A. Life Insurance Policy Riders -Long-Term Care Rider-
A rider that costs extra and may be added to a cash value policy
Long-Term Care Rider
Any amount used for approved long-term care expenses reduces the policy's death benefit
Long-Term Care Rider
Generally 90 days
Long-Term Care Rider
The premium must be paid on the policy to keep this benefit in force
Long-Term Care Rider
The rider allows the insured to take money out of the policy's cash value to pay for qualifying nursing home care or home health care expenses
Long-Term Care Rider
The waiting period begins when the insured meets the definition for eligibility in the rider
Long-Term Care Rider
Which types of life insurance policies this rider may be added to vary by insurance company
Long-Term Care Rider
May be subject to a waiting period ( sometimes called an elimination period)
Long-Term Care RiderLong
