I'm trying to understand what benefit maximum means in the context of LTC. Could someone explain how it works and what its purpose is?
6
answers
SsangyongSpiritedStrengthCourageBravery
Thu Mar 13 2025
Generally, a longer coverage period results in a higher premium.
CryptoWizardry
Thu Mar 13 2025
The Maximum Lifetime Benefit is a crucial aspect of insurance coverage.
EtherealVoyager
Thu Mar 13 2025
The duration of the coverage period plays a significant role in determining the premium.
CherryBlossomBloom
Wed Mar 12 2025
The Lifetime Maximum Benefit is calculated using a specific formula.
HallyuHero
Wed Mar 12 2025
This formula involves multiplying the Daily Maximum benefit by the number of days benefits are to be paid or reimbursed.