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

Written by LTCI Partners | Jul 26, 2014 4:41:00 PM

 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 elimination period and a 30-day service day elimination period.

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