South Carolina Life and Health Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

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What is typically offered as a feature in long-term care insurance policies?

Inflation protection

Inflation protection is a commonly provided feature in long-term care insurance policies. This feature is designed to ensure that the benefits available under the policy increase over time, helping policyholders to keep pace with rising costs associated with long-term care services. As the cost of healthcare and care facilities tends to rise due to inflation, having a policy that offers inflation protection becomes crucial for maintaining adequate coverage throughout an individual's lifetime, especially since long-term care can be needed for many years.

This protection often comes in the form of an automatic increase in benefit amounts or the option to purchase additional coverage at specified intervals. The inclusion of this feature makes long-term care insurance more robust and valuable to policyholders, safeguarding against the risk of underinsurance as inflation erodes the purchasing power of fixed benefits.

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Universal health coverage

High-risk investment options

Deductible waivers

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