In this study, the benefit trigger
is measured by the ratio of the number of ADLs required to trigger benefits to the total number of ADLs defined in the policy.
Use inability to perform the fewest activities of daily living as a benefit trigger
Based on the differing nature of the benefit trigger
, each type of benefit exposes the company to varying levels of adverse policyholder behavior.
Congress eliminated medical necessity as a benefit trigger
in TQ policies.
The LTC riders have benefit triggers
familiar to those who sell LTC insurance (tax code 7702B), and the advisors also must have LTC CE training.