REINSTATEMENT FOR COGNITIVE IMPAIRMENT
The buzz surrounding Long Term Care insurance today is the
Reinstatement for Cognitive Impairment clause. In layman's
terms, this clause states that if you miss a premium payment
because of reduced mental capacity, Alzheimer's, or dementia,
the policy can be put back in force with no medical
questions.
Some insurance carriers add new features to existing policies,
others do not. It pays to review your Long Term Care insurance
policy to determine whether it provides a Reinstatement for
Cognitive Impairment clause or if this and other valuable
benefits are excluded from your existing plan.
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