Monday, May 01, 2017

Difference between long term care and permanent total disability

A consumer bought a term insurance policy (which also covers permanent total disability) and a private Eldershield policy. He asked me if there is redundant coverage.

It is difficult to answer his question. Actually, he is asking the wrong question - most consumers ask the wrong question anyway.

Here is an explanation of the issue and the answer to his complicated and wrong question:

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