What are LTC premiums & waiver of premiums?

Premiums can be paid for the life of the insured or for a set number of years.

It is very common that premiums are waived while the insured is on claim. This is known as "waiver of premium." Premiums are paid during the elimination period.

Income InSight does factor in waiver of premium and can be viewed in the "Income by Result" cash flow.