A Long-Term Care Rider provides up to what percentage of policy benefits if the insured qualifies for long-term care benefits as defined in the rider?

A Long-Term Care Rider provides up to what percentage of policy benefits if the insured qualifies for long-term care benefits as defined in the rider?

• A. Provides 50% of Benefits
• B. Provides Up to 100% of Policy Benefits If Qualifies for LTC
• C. Provides No LTC Benefits
• D. Provides Benefits Only After Death

Answer: (B)

Long-Term Care Riders let you use part or all of the life insurance death benefit to cover long-term care expenses while you’re alive. When you meet the rider’s criteria for LTC, you can accelerate benefits from the policy. In this rider, you can receive up to the full policy benefit if you qualify, meaning up to 100% of the policy’s benefit can be used for LTC. Using those funds reduces the amount that's paid at death by the same amount, so the death benefit left proceeds to beneficiaries is decreased accordingly. This is why the best choice is that you can access up to the entire policy benefit for LTC when eligible.

Long-Term Care Riders let you use part or all of the life insurance death benefit to cover long-term care expenses while you’re alive. When you meet the rider’s criteria for LTC, you can accelerate benefits from the policy. In this rider, you can receive up to the full policy benefit if you qualify, meaning up to 100% of the policy’s benefit can be used for LTC. Using those funds reduces the amount that's paid at death by the same amount, so the death benefit left proceeds to beneficiaries is decreased accordingly. This is why the best choice is that you can access up to the entire policy benefit for LTC when eligible.