Common use of Policy Lifetime Maximum Benefit Clause in Contracts

Policy Lifetime Maximum Benefit. The Policy Lifetime Maximum Benefit is the maximum dollar amount that will be payable for Benefits under the Policy. The Policy Lifetime Maximum Benefit is shown in the Schedule of Benefits of Your Policy. No further benefits are payable once the total benefits paid equals the Policy Lifetime Maximum Benefit except as provided by the Shared Care Rider, if applicable. The Policy Lifetime Maximum Benefit is determined by multiplying the Nursing Facility Maximum Daily Benefit by a multiplier. The multiplier is the number of days in the benefit period selected by You at the time of application. The benefit periods and multipliers are: 1 year (365 days), 2 years (730 days), 3 years (1095 days), 4 years (1460 days), 5 years (1825 days), 7 years (2555 days), 10 years (3650 days) and Unlimited (lifetime) (no multiplier). For example, if You select $170 per day as Your Nursing Facility Maximum Daily Benefit and You select a 2-year benefit period, Your Policy Lifetime Maximum Benefit would be: $170 X 730 (2 years times 365 days) = $124,100

Policy Lifetime Maximum Benefit. The Policy Lifetime Maximum Benefit is the maximum dollar amount that will be payable for Benefits under the Policy. The Policy Lifetime Maximum Benefit is shown in the Schedule of Benefits of Your Policy. No further benefits are payable once the total benefits paid equals the Policy Lifetime Maximum Benefit except as provided by the Shared Care Rider, if applicableBenefit. The Policy Lifetime Maximum Benefit is determined by multiplying the Nursing Facility Maximum Daily Benefit by a multiplier. The multiplier is the number of days in the benefit period selected by You at the time of application. The benefit periods and multipliers are: 1 year (365 days), 2 years (730 days), [3 years (1095 days)], [4 years (1460 days)], [5 years (1825 days)], [7 years (2555 2,555 days)], [10 years (3650 3,650 days) )] and Unlimited (lifetime) (no multiplier). For example, if You select $170 100 per day as Your Nursing Facility Maximum Daily Benefit and You select a 2-year benefit period, Your Policy Lifetime Maximum Benefit would be: $170 100 X 730 (2 years times 365 days) = $124,10073,000.00

Policy Lifetime Maximum Benefit. The Policy Lifetime Maximum Benefit is the maximum dollar amount that will be payable for Benefits under the Policy. The Policy Lifetime Maximum Benefit is shown in the Schedule of Benefits of Your Policy. No further benefits are payable once the total benefits paid equals the Policy Lifetime Maximum Benefit except as provided by the Shared Care Rider, if applicable. The Policy Lifetime Maximum Benefit is determined by multiplying the Nursing Facility Maximum Daily Benefit by a multiplier. The multiplier is the number of days in the benefit period selected by You at the time of application. The benefit periods and multipliers are: 1 year (365 days), 2 years (730 days), [3 years (1095 days)], [4 years (1460 days)], [5 years (1825 days)], [7 years (2555 days)], [10 years (3650 3,650 days) )] and Unlimited (lifetime) (no multiplier). For example, if You select $170 [180] per day as Your Nursing Facility Maximum Daily Benefit and You select a 2-year benefit period, Your Policy Lifetime Maximum Benefit would be: $170 [180] X 730 (2 years times 365 days) = $124,100[131,400]