Long-Term Care Insurance: Return of Premium Benefit

IMPORTANCE RATING: 2

Upon your death, this long-term care insurance rider returns to your beneficiary all or a portion of the premium you paid. If you collect benefits from the policy, the amount returned to your beneficiary will be reduced by the amount you collect due to a claim(s).

RECOMMENDATION: This rider adds from 25% to 40% to the basic premium and is not normally a good value. But if you are considering LTC insurance prior to age 50, it may be worth looking at.