How Does Long Term Care Insurance Payout?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Long Term Care Insurance will pay out according to the terms of the policy purchased. Some policies pay the facility that is providing the long term care for the insured person. Other policies pay the person a monthly benefit that they can use to pay for the services they are receiving. The policy ends when the years run out (for the first type of policy) or the money runs out (for the second type of policy).
    Answered on October 13, 2013
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