What is a Long Term Care benefit amount?

The maximum amount the policy will pay for covered services per day or month.

Long Term Care (LTC) policies have either a daily or monthly benefit amount. This is the maximum amount the policy will pay for covered services per day or month. Income InSight calculates based on a monthly benefit amount. If you are entering a policy with a daily benefit amount, multiply it by 30 and enter that as the Monthly Benefit amount.