What is “Non-Forfeiture (Shortened Benefit Period)” in a Long-Term Care Insurance Policy?

Non-Forfeiture (Shortened Benefit Period) = After having your long-term care policy for three (3) years, you have the right to stop paying premiums and have your policy converted to paid-up status.  Your paid-up policy would have a maximum benefit at least equal to the amount of premiums you had paid over your lifetime.

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About Scott A. Olson

Scott A. Olson, is the author of “The Guidebook for Making Long-Term Care Insurance Easier.” He is a licensed insurance agent and has specialized in long-term care insurance since 1995. He is licensed to sell long-term care insurance in over 40 states. Scott was born and raised in New Jersey and attended Rutgers University. Scott was a caregiver for a close relative for two years. That personal experience has made him acutely aware of how to help his clients design and choose a long-term care policy that will benefit them when they need it the most. Scott and his wife Carolyn live in Redlands, California. Scott and Carolyn have four sons.