| Q.
What is Long Term Care Insurance - LTC? |
LTC
insurance policies help pay for nursing
home care and health services, covering
all levels of care including skilled,
intermediate, and custodial care in
a nursing home, assisted care living
facility, adult day care center, or
at home.
|
| Q.
What is the general benefit trigger
for LTC benefits? |
|
Benefits
are triggered through the need for
assistance with two of six activities
of daily living (ADL's) or because
of a cognitive impairment.
|
| Q.
What are John Hancock's ADL's (Activities
of Daily Living) required to trigger
benefits? |
|
Transferring,
toileting, maintaining continence,
eating, dressing and bathing.
|
| Q.
What is the waiting/elimination period? |
|
The
number of days for which the policyholder
pays when he/she receives care that
is not eligible to be paid under the
policy.
|
| Q.
When am I eligible for benefits? |
|
You
are eligible for benefits if you need
substantial assistance with two or
more activities for daily living (ADL's).
|
| Q.
Will the premium be waived while receiving
benefits? |
|
Yes,
when you are receiving care, you do
not pay premiums after the waiting
/ elimination period.
|
| Q.
How can premiums be paid? |
|
There
are three convenient payment arrangements,
Payroll Deduction, Direct Billing
or Automatic Bank Withdrawal.
|
| Q.
Why John Hancock? |
| As
a leader in long-term care insurance,
John Hancock provides quality coverage
for groups and individuals. John Hancock
is one of the country's largest and
most respected providers of insurance
and financial products, with more than
135 years of experience. John Hancock
is among the highest-rated insurance
companies for financial strength and
stability and is rated A++ Superior
by Best Insurance Ratings. |
