What is the “Maximum Benefit” in a Long-Term Care Insurance Policy?

Maximum Benefit = is the maximum amount of benefits a policy can pay in your lifetime.  It is usually calculated by multiplying the daily benefit by 365 times the number of years in the benefit period.  The pool of money increases according to whatever inflation benefit is chosen for the policy.

Enhanced by Zemanta

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.