What LTC insurance policy feature allows the insured to suspend making premium payments while receiving benefits under the policy?

A. Waiver of premium
B. Restoration of benefits
C. Monthly benefit
D. Shared benefits



Answer :

Final answer:

The Waiver of premium feature in LTC insurance policies allows insured individuals to stop making premium payments while still receiving benefits.


Explanation:

Waiver of premium is the LTC insurance policy feature that allows the insured to suspend making premium payments while receiving benefits under the policy. This provision helps policyholders maintain their coverage even if they are unable to pay the premiums due to being on claim.


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