Robin meets with a life insurance agent to discuss long-term care (LTC) insurance options for his parents. Although LTC insurance can be expensive. Ribin knows first-hand how important such coverage can be. His in-laws were moved to a nursing home six months ago and had no plan in place to help cover the costs. Robin expects the price of long-term care services to increase in the future, and wants to purchase a policy that will keep up with those increases. Which of the following riders should be added to Robin’s LTC insurance policy? A hospital indemnity rider. A return of premium rider. A future of purchase option rider. A cost of living adjustment rider.
Added by Jeff L.
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Step 1: Identify the goal described — the policy should keep up with increasing long-term care costs (inflation protection). Show more…
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