Policy Riders, Provisions, Options, and Exclusions
What expense is a long-term care insurance feature intended to cover?
Answer and explanation
Answer: C. A long-term care insurance feature provides coverage for the cost of qualifying long-term care. It is an optional benefit with its own fees, eligibility standards, limits, and exclusions.Source: U.S. Securities and Exchange Commission — Investor Bulletin: Variable Life Insurance — The Death Benefit, Policy Loans, and Other Optional Insurance Features > Long-term care insurance
More policy riders, provisions, options, and exclusions questions
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