Question: Charlotte's long - term care policy specifies that it would pay up to $ 1 0 0 Per day for up to five years for

Charlotte's long

-

term care policy specifies that it would pay up to $

100

Per day for up to five years for a policy maximum of $

182, 500 .

Charlotte only used $

100, 000

during the first five years of receiving benefits under the policy. The remaining $

82, 500

was used to extend the total number of years over which the policy would pay benefits. Why were Charlotte's benefits allowed to be extended beyond five years?

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