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Benefit Period

Quick Answer

The benefit period is the minimum period of time a Long-Term Care Insurance policy will pay benefits. Some companies use a benefit period to create a pool of money that can provide benefits well beyond the benefit period. With some companies, you would select a monthly benefit and a benefit period to create the pool. 

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Detailed Answer

The benefit period is the minimum period of time a Long-Term Care Insurance policy will pay benefits. Some companies use a benefit period to create a pool of money that can provide benefits well beyond the benefit period. With some companies, you would select a monthly benefit and a benefit period to create the pool.

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