American_Bankers_Association
CTFA · Question #372
Even if the policy's requirements are met, the insured must pay long-term care expenses during waiting, or elimination period. Typical waiting periods are:
The correct answer is A. 90 to 100 days. See the full explanation below for the reasoning.
Estate Planning
Question
Even if the policy's requirements are met, the insured must pay long-term care expenses during waiting, or elimination period. Typical waiting periods are:
Options
- A90 to 100 days
- B80 to 90 days
- C60 to 70 days
- D70 to 100 days
How the community answered
(42 responses)- A79% (33)
- B7% (3)
- C10% (4)
- D5% (2)
Topics
#elimination period#waiting period#long-term care#LTC insurance
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