Long Term Care Insurance Policy Schedule of Benefits

Sample Life Insurance Company
P.O. Box 123456
Anytown, NY 22212-7890
Toll Free Number: 1-800-987-6543

SCHEDULE OF BENEFITS

INSURED
Robert W. Brown

CURRENT COVERAGE: EFFECTIVE DATE – June 11, 2007
(REPLACES ANY PREVIOUS SCHEDULE OF BENEFITS)

Health Rating: Preferred

Discounts: Spousal Discount

Spousal Discount applies as long as associated policies remain in force.

PREMIUM SCHEDULE

* If You pay premiums more frequently than annually, an additional charge has been included.

Case Studies: Long-Term Care Insurance Policy Benefits

Case Study 1: Robert W. Brown

Robert W. Brown, the insured individual, had a long-term care insurance policy with Sample Life Insurance Company. His coverage, effective since June 11, 2007, included primary services such as nursing home care, assisted living facility care, and respite care for up to 21 days per policy year.

Additionally, the policy covered home care and community care services. The maximum daily benefit amount for nursing home or facility care and at-home or assisted living facility care was $120. The policy also provided additional services like needs assessment and informal caregiver training. With a preferred health rating, Robert enjoyed discounts, including a spousal discount.

Case Study 2: Jane and Michael Thompson

Jane and Michael Thompson, a married couple, both had long-term care insurance policies. Jane’s policy covered nursing home and assisted living facility care, respite care, and home care services. Michael’s policy offered similar coverage.

Their policies had a base coverage amount with a 5% automatic compound inflation protection rider, contingent benefits upon lapse rider, and paid-up premiums rider. The Thompsons enjoyed discounts due to their preferred health ratings. The spousal discount applied as long as both policies remained in force.

Case Study 3: Susan Reynolds

Susan Reynolds, a single individual, had a long-term care insurance policy with comprehensive coverage. Her policy included nursing home care, assisted living facility care, and home care services. Susan opted for a policy with a base coverage amount and additional riders.

The policy had a gross annual premium, including health rating and applicable discounts. She paid her premiums monthly, with an additional charge for more frequent payments.