Quick Answer
A waiver of premium allows policyholders a break from paying premiums when they’re receiving Long-Term Care Insurance benefits.
A waiver of premium allows policyholders a break from paying premiums when they’re receiving Long-Term Care Insurance benefits.
A waiver of premium is a provision that prevents policyholders from paying premiums when they're actively receiving Long-Term Care Insurance benefits. This allows policyholders to focus their efforts and concerns on their care and recovery.
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