Bankers Life LTC Question

[G.Gordon]

I did a "stop by" on a potential client that happened to be waiting on a Bankers Life agent to come "modify" his LTC he's had with them.

I did a quick look over his policy, but the agent showed up so I excused myself. I wasn't able to get all the details of the plan, but did have one question from those with inside knowledge.

benefit mulitplier... what does that mean in their policies?

 

[Christo8pherS]

Benefit Multiplier is the period of benefits measured by days.... probably 360, 720, 1095, etc.

 

[insuranceexec]

Benefit Multiplier is the period of benefits measured by days.... probably 360, 720, 1095, etc.

I am sure you meant; 365, 730, 1095, etc.........

365= 1 year
730= 2 years

etc........