Long-Term Care Insurance: Survivorship Benefit Rider

IMPORTANCE RATING: 3

This rider states that if a couple have long-term care insurance coverage with the same company, and one passes away after the policies have been in force for a certain number of years with no claims paid on either policy, the surviving insured's policy will be paid-up: No further premium payments would be due.

The number of years that both polices must be in force and claim-free in order to benefit from this rider is 10 years.

RECOMMENDATION: This rider may be a good value if one insured is significantly older than the other. If this is not the case, we recommend that you not spend extra premium dollars on this rider.