Certified Senior Advisor (CSA) Practice Test

Question: 1 / 400

Which clause in a long-term care policy indicates the time period for which an individual must pay before benefits are due?

Benefit clause

Deductible clause

Waiting clause

Elimination clause

The elimination clause in a long-term care policy specifies the period during which the policyholder must wait before they are eligible to receive benefits. This is an important feature of many insurance policies, as it establishes a waiting period that can affect when claims are paid. During this elimination period, the insured individual must cover their own costs for care, and once this period ends, the long-term care benefits become available.

Understanding the role of the elimination clause is crucial for beneficiaries as it directly impacts financial planning and coverage decisions. Policyholders must be aware of this clause to manage their expectations regarding when and how they can access benefits after incurring care expenses. The inclusion of an elimination clause is a standard practice in insurance design, emphasizing the importance of careful policy review before purchase.

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