Another Long-Term Care Insurance benefit
Did you know:
Waiver of premium riders are available as an option on most Long-Term Care Insurance Policies.
Waiver of Premium provides for the suspension of premiums when the policy owner is certified as requiring care for whatever the chronic condition maybe. If the patient recovers enough to no longer need care, then the premiums start up again.
This waiver rider is especially helpful when the contract covers both people in a legal relationship. If one of the partners needs care then the contract can be structured to suspend premium on both parties.