Waiver of Premium = A provision in an insurance policy that relieves the insured of paying the premiums while receiving benefits.
Genworth Life Insurance Company John Hancock Life Insurance Company The Prudential Insurance Company of America
Rate Guarantee = the number of years the long-term care insurance premium is guaranteed to remain the same.
Premium = The amount paid by the policyholder in return for protection against financial loss due to occurrence of an event.
Pooled = when the policy’s entire maximum benefit can be used either at home or at a facility.