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Terms in this set (15)
Alternate plan of care
used if care that is otherwise not covered in your policy occurs and we and your doctors agree it is necessary for your plan of care
will reserve your bed while one is away visiting family or temporarily in the hospital
is an allowance to train the primary caregiver how to care for you.
Home Monitoring Equipment
is an allowance used to install an emergency monitoring system in your home
is an allowance to modify your home with items such as ramps and bars to assist in your care at home.
will be covered to relieve emotional and physical discomforts of being terminally ill.
is an allowance for the primary caregiver that provides service without charge to take a temporary break from providing care.
Guaranteed Lifetime Renewability
used if care that is otherwise not covered in your policy is developed and we and your doctors agree it is necessary for your plan of care.
Guaranteed Purchase Option
is a benefit provided in the policy if the client doesn't select inflation protection. The client can increase the Maximum Monthly Benefit and Lifetime Maximum Benefit amounts by 15% every three years without evidence of insurability.
Contingent Benefit at Lapse
contingent benefit at lapse BLNY-324A is a non-premium bearing rider that must be elected at point of sale. It is not automatically included in the base policy.
is an allowance equal to 25% in actual dollars.
Cash Disability Rider
an option to upgrade the Cash rider to the Cash Disability Rider and is used if the policyholder meets the activities of daily living or cognitive impairment trigger but does not have to be receiving services.
Restoration of Benefits
is used when an insured becomes well and stays well without needing qualified or prescribed long-term care services and is NOT functionally or cognitively impaired for 180 consecutive days.
is used if the insured allows the policy to lapse for any reason after the policy has been in force for three years at a reduced paid up benefit equal to 100% of all premiums paid for the policy or 30 times the maximum daily benefit in-force prior to lapse, which is greater.
Survivor Maximum Benefit Increase
is used when one spouse passes. The surviving spouse will receive 1/2 of the deceased's in force Lifetime Maximum Benefit added to the surviving spouse's individual pool of benefits
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