Optional Nonforfeiture Benefit Rider Sample Clauses

Optional Nonforfeiture Benefit Rider. If this optional rider is selected, the Rider will provide for a period of paid-up long-term care insurance coverage after the Policy lapses after having been in force for five (5) years. During this paid-up period, benefits will be payable in the same manner as if the Policy had remained in force. The daily and monthly Benefit maximums in effect at the time of lapse will increase over time in accordance with the Inflation Protection provision included in the policy and shown on the Schedule of Benefits. The total amount payable for claims after the Policy lapses will be limited to the nonforfeiture benefit amount. The nonforfeiture benefit amount will be equal to the amount described below reduced by any claims already paid.
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Related to Optional Nonforfeiture Benefit Rider

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