In long-term care insurance, what is the length of time for which claims will be paid?

• A. Benefit period
• B. Free-look period
• C. Grace period
• D. Elimination period

Answer: (A)

The length of time benefits will be paid after you qualify for long-term care is called the benefit period. This defines how long the insurer will provide benefits—often a set number of years or for the lifetime of the insured. It’s the period over which eligible expenses are covered once you meet the policy’s qualification criteria.

By contrast, a free-look period is the initial window to review the policy and cancel for a full refund, a grace period is extra time after a premium is due during which coverage stays in force, and an elimination period is a waiting period before benefits start after care begins.