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How long does the extended term benefit option extend long term care coverage?
Wiki User
∙ 6y ago
The extended term benefit option typically extends long-term care coverage beyond the original benefit period, usually for an additional specified number of years or until a specified lifetime maximum benefit is reached, depending on the terms of the policy.
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What is graduated life insurance?
Graduated life insurance is a type of policy where the death benefit increases over time while premium payments remain level. This type of insurance is designed to provide more coverage as the policyholder ages, since the need for insurance may increase with time. It can be a good option for those who expect their financial responsibilities to grow as they get older.
Should older people get term or whole life insurance?
It generally depends on the individual's needs, budget, and goals. Term life insurance may be more affordable and suitable for covering a specific time frame with high coverage needs, while whole life insurance offers lifelong coverage and a cash value component that could be useful for estate planning or final expenses. Consulting with a financial advisor can help determine the best option for older individuals.
How do you find out information on a vested retirement plan benefit with Hughes Tool Division?
You can contact the HR department or the retirement plan administrator at Hughes Tool Division to inquire about your vested retirement plan benefits. They should be able to provide you with information on the status of your plan, the amount of your vested benefit, and any other relevant details.
What is the best retirement option?
The best retirement option depends on individual goals, risk tolerance, and financial situation. Common options include 401(k) plans, IRAs, Roth IRAs, and pension plans. It is advisable to consult with a financial advisor to determine the best option for your specific needs.
Which of the options listed pertain to the Blended Retirement System but not the legacy High-3 retirement system (Select all that apply)?
Active Component (AC) Service members who do not choose to opt into the BRS by December 31, 2018 will be_____.
What is the benefit of choosing extended term as a nonforfeiture option?
it has the nighest amount
What are some auto warranty coverage options?
Auto warranty coverage is a necessity when buying a new or used car. The warranty usually covers parts and repairs for the first 3 years or 36,000 miles. There is also an option to take an extended warranty which will extend the length of the time period.
Viking range extended warranty?
If you already purchased it in the past you will be unable to extend your warranty. This option is only available at point of sale.
Benefit of choosing Extended Term Insurance as a nonforfeiture option?
It has the highest amount of Insurance Protection; Under this option the insurer uses the policy cash value to convert to term insurance for the same face amount as the former permanent policy. The duration of the new term coverage lasts for as long a period as the amount of cash value will purchase.
What is an increasing death benefit option?
The death benefit options may vary depending upon the type of life insurance purchased and the available policy provisions. A basic death benefit will provide a face amount or specified amount that remains level throughout the period of coverage. Other death benefit options provide for an increasing death benefit that includes a specified amount in addition to the accumulated cash value in the policy. Another type of death benefit option may provide for a return of premium payments in addition to the specified amount of coverage. See link for source
Do lg appliances come with extended warranties?
All LG appliances come with manufacturer's warranties, which cover the product for 3 - 5 months. Most LG products do have the option of purchasing an additional extended warranty, and prices vary depending on the product and coverage.
Joint and survivor life income option?
When you have partnership in a business. You can use that kind of option in which means: both are in a coverage under a policy that stipulate no benefits will be paid up to, both, die. And the beneficiaries will receive the benefit to pay business expenses.
Does at t wireless offer a no contract option for coverage?
ATT wireless does offer a no contract option for coverage. It is called "Go Phone". With this option you pay a monthly fee with no annual contract.
What is an Extended service plans?
Manufacturers have a warranty period where repairs are covered. The extended warranty is usually sold by the retailer to extend that plan and provide additional coverage for the device you purchased. One of the drawbacks of the extended warranty is that it usually runs concurrent with the manufacturer's warranty period, and in essence, you're paying for a warranty on a warranty for a period of time. Some retailers may allow you to hold off on making the purchase on the extended warranty until the manufacturer's warranty runs out. If you can choose this option and wait, it might save you as much as a third of the cost and buy you some extended time. The trick is to remember to follow through at the appropriate time. If you're purchasing one of the new digital TV's, (trust me on this)...you'll probably need the extended warranty.
What extended warranty is available with a Cadillac certified pre owned car?
The Cadillac Certified Pre-Owned Warranty increases the "New Vehicle Bumper-to-Bumper Coverage" option to up to 6 years. The other clause is that the warranty is also extended to up to 70,000 miles, whichever comes first.
What nonforfeiture option has the highest amount of insurance protection?
Reduced paid up
Will home owners insurance cover a moccasin snake bite on rental property?
It depends on what coverages you selected when you purchased your insurance and who was bitten by the snake. If you selected medical coverage option when you bought your home insurance policy you may have coverage if you were bitten by a snake on your own property. If the tenant was bitten then no. Your medical coverage does not extend to a tenant. There would also be no coverage for a tenant being bitten by a wild animal under the owners liability because the property owner is not liable for acts of wild that we do not own.
