Your clients only need to make one benefit decision: Policy Lifetime Maximum
Unlike other long-term care insurance policies that require your clients to think through multiple benefits decisions (regarding the desired daily benefit amount, the benefit duration and the reimbursement method) Prudential LTC Evolution takes a simpler approach:
Reimbursements are based on Actual Eligible Charges up to the Policy Lifetime Maximum selected by the policyholder.
As a result, your clients only need to consider one simple benefit decision when purchasing the coverage: "How much do I want as a Policy Lifetime Maximum?" They can choose any amount desired - from $100,000 to $1,000,000. No matter what amount is chosen, the Policy always pays:
- 80% of Actual Eligible Charges for covered long-term care services up to the Policy Lifetime Maximum selected by the client
- 100% of Actual Eligible Charges for covered home support services up to a built-in Policy limit of $10,000
This simple approach to policyholder reimbursements will feel familiar and comfortable to your clients since it works in a fashion similar to most health insurance plans. It also allows you to focus your client's attention on a key benefit - using the Policy as an asset protection tool.
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