Companies generally pay benefits one of two ways: the expense-incurred method or the indemnity method. It’s important to read your policy information and compare the benefits and premiums.
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LTC Insurance Blog
Simplifying the process of understanding Long Term Care, and helping you decide if Long Term Care insurance is right for you.
One of the biggest concerns when purchasing a Long Term Care policy is choosing how long you want the policy to last. Common options for benefit periods are two, three, four or five years. This can be a bit misleading. Your policy could potentially last longer than the benefit period you choose. This is because Long Term Care policies use a pool of money when paying out benefits.