Third Party Notification

A third-party notification is a built-in consumer protection feature in a Long-Term Care Insurance policy that allows the policyholder to designate one or more individuals—to receive notice from the insurance company if the policy is in danger of lapsing due to non-payment of premiums.

This safeguard ensures that someone other than the policyholder is alerted to a missed payment and can help prevent an unintentional loss of coverage

Why It Matters

Designating a third party—ideally someone younger, reliable, and capable—adds an extra layer of protection. This individual is more likely to be available and able to respond over the long term. They may also be better positioned to manage digital communications, interact with insurers, and take action when needed. In many cases, the same person could later assist with initiating claims or managing

Key Tip

If you have an LTC Insurance policy and are unsure whether you’ve named a third-party contact, it’s wise to reach out to your agent or insurance company to confirm or update your designation. Taking this small step can help preserve critical coverage when it matters most.