Question

In Florida, if a long-term care policy lapses unintentionally, it may be reinstated if the insured had a continuous confinement for more than:

30 days
60 days
90 days
120 days

Answer 1

In Florida, a lapsed long-term care policy can be reinstated if the insured had a continuous confinement for more than 60 days.

Step-by-step explanation:

In Florida, a long-term care policy that unintentionally lapses may be reinstated if the insured had a continuous confinement of more than 60 days. This reinstatement provision is crafted to protect individuals who may have been incapacitated and thus unable to pay their premiums. Continuous confinement means that the individual has been confined, for medical reasons, to a long-term care facility such as a nursing home or has been receiving long-term care services. It is important for policyholders and their families to be aware of such stipulations to avoid loss of benefits during critical times of need.