What is “Non-Forfeiture (Shortened Benefit Period)” in a Long-Term Care Insurance Policy?
Non-Forfeiture (Shortened Benefit Period) = After having your long-term care policy for three (3) years, you have the right to stop paying premiums and have your policy converted to paid-up status. Your paid-up policy would have a maximum benefit at least equal to the amount of premiums you had paid over your lifetime.