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Cash Benefit

Quick Answer

In a Long-Term Care Insurance policy, a Cash Benefit will pay a cash benefit, paid directly to the insured, once a person qualifies for benefits. With some policies, this can be the full benefit or a reduced benefit instead of the full reimbursement benefit offered by the policy. With some policies, this could be a cash benefit in addition to the normal reimbursed benefit paid to a provider.

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Detailed Answer

In a Long-Term Care Insurance policy, a Cash Benefit will pay a cash benefit, paid directly to the insured, once a person qualifies for benefits. With some policies, this can be the full benefit or a reduced benefit instead of the full reimbursement benefit offered by the policy. With some policies, this could be a cash benefit in addition to the normal reimbursed benefit paid to a provider.

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