The Advisor's View of Long-Term Care Planning

An easier way to explain calendar day versus service day elimination periods

Posted by LTCI Partners | Jul 26, 2014 11:41:00 AM

 When people buy long-term care insurance, one critical policy feature is whether a policy has service day or calendar day elimination period.  Often the difference can be confusing to explain, but showing the difference might help.  Genworth has created an image showing the difference between fulfilling a 30-day calendar day elminination period and a 30-day service day elimination period.

By the way, is "waiting period" a better name than "elimination period"?

Calendar vs service day ep

Topics: Advice articles about planning

Written by LTCI Partners

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