M
mawenjinde
Member
Hi,
I'm reading page 21 of chapter 3 LTCI, the section 4.2 'cash benefit'. I have 2 questions:
1. The page says that sales persons promote the 'flexibility of cash benefits'. Could anyone explain why the LTCI with cash benefit is more flexible than those traditional product with benefit according to cost incurred (subject to upper limit)?
2. The page mentions that the disability trigger might not be enough to protect insurer against exploitative claims, and evaluation of ADL is to some extent subjective.
Shouldn't these be issues with traditional LTCI product? I just don't quite get why the page list these explicitly for section 4.2. Does that mean these issues are more severe for product with cash benefit? Why?
Any feedback will be appreciated.
Terry
I'm reading page 21 of chapter 3 LTCI, the section 4.2 'cash benefit'. I have 2 questions:
1. The page says that sales persons promote the 'flexibility of cash benefits'. Could anyone explain why the LTCI with cash benefit is more flexible than those traditional product with benefit according to cost incurred (subject to upper limit)?
2. The page mentions that the disability trigger might not be enough to protect insurer against exploitative claims, and evaluation of ADL is to some extent subjective.
Shouldn't these be issues with traditional LTCI product? I just don't quite get why the page list these explicitly for section 4.2. Does that mean these issues are more severe for product with cash benefit? Why?
Any feedback will be appreciated.
Terry