Tag Archive | cash benefit

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

Cash Benefit = a feature in a long-term care insurance policy that allows the policy benefits to be used by the policyholder in any way he/she chooses.  A “cash benefit” is often used to pay a family member to provide care.  A “cash benefit” can even be used to pay a spouse to provide care.  There […]