Question

What is the MINIMUM benefit period that must be offered by a Long-Term Care policy?

a) 1 year
b) 2 years
c) 3 years
d) 5 years

Answer 1

The MINIMUM benefit period for a Long-Term Care policy is 2 years.

Step-by-step explanation:

The MINIMUM benefit period that must be offered by a Long-Term Care policy is 2 years. This means that the policy must provide coverage for at least 2 years before benefits can be exhausted. Long-Term Care policies are designed to help individuals pay for the cost of care in settings like nursing homes or assisted living facilities, and typically have benefit periods ranging from 2 to 5 years or longer.