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In Business / College | 2025-07-07

The longer the elimination period in long-term care policies,
A. The higher the premium.
B. The lower the premium.
C. The longer the benefit period.
D. The shorter the benefit period.

Asked by ninetejayven

Answer (2)

In long-term care policies, a longer elimination period typically leads to a lower premium. This is because the policyholder assumes more initial costs, reducing the insurer's financial risk. Therefore, the correct choice is option B. ;

Answered by GinnyAnswer | 2025-07-07

In long-term care policies, a longer elimination period results in a lower premium because the policyholder assumes more financial responsibility before benefits are paid. Therefore, the correct answer is option B. This dynamic reduces the insurer's risk, leading to decreased premium costs for the insured.
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Answered by Anonymous | 2025-07-08

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