Keiber Retirement Solutions, Inc. |
| When Will I Begin Receiving Benefits?When Will I Begin Receiving Benefits?Benefits Begin When... Your Elimination Period is satisfied!Most policies have an elimination period (sometimes called deductible or a waiting period). This means benefits can start 0, 20, 30, 60, 90 or 100 days after you start receiving long-term care or become disabled. How many days you have to wait for benefits to start will depend on the elimination period you pick when you buy your policy. Choices above may not be available with all carriers. Some policies have the option of a 0-day elimination period, but expect it will cost more. The shorter the elimination period is the greater the premium. You will be responsible for the paying your own care during the elimination period. Types of Elimination Periods Offered
Case Example:You Have a 30 Day Elimination Period with $150 Daily Benefit. On 9/1/2008 you are determined by a physician to be unable to perform 2 of the 6 ADLs with a condition that is expected to last more than 90 days. This means your elimination period can begin. If you have a product that has:
Satisfaction of Elimination Period methods available:
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Disclaimer:
This site is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security which may be referenced herein. These are the views of Associates of Clifton Parks, Long-Term Care specialists, and not necessarily those of the named representative, Broker-Dealer or Investment Advisor, and should not be construed as investment advice.
Insurance products are offered through insurance companies with whom KRS associates have sales arrangements. Not all products/features may be available in your state. Check with your Accountant or Tax professional on the tax issues associated with Long-Term Care insurance.
Securities and advisory services are offered through Level Four Financial, LLC, Member FINRA/SIPC. Keiber Retirement Solutions, Inc. is not owned or operated by Level Four Financial, LLC. Nor is Associates of Clifton Parks affiliated with Level Four Financial, LLC.
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