Long-Term Care Insurance Key Concepts and Terms

Knowing and understanding your long-term care insurance components and insights is important to optimizing your care and maximizing your financial benefit.

• Daily Benefit — This is the amount insurance will pay for covered services. This determines the financial assistance for your care.


• Benefit Period — This is the length of time your policy provides coverage. It specifies the duration of financial support for your care. We can help you navigate your benefits.


• Claim Filing — Often the person needing care is responsible for filing a claim. We understand the challenges and offer dedicated support throughout the process.


• Elimination Period — With a 'Zero Elimination Period', only 50% of policyholders utilize their benefits. and with a '90-day Elimination Period', only 35% will use their benefits. We will work with you to sort through these periods and help optimize your coverage.