Tobi is 80 and owns a long-term care policy that was issued several years ago. Tobi's...

 

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Tobi is 80 and owns a long-term care policy that was issued several years ago. Tobi's daughter is encouraging her to enter an assisted living facility and apply for LTC benefits. Although Tobi has her full mental faculties, her health and mobility have been declining significantly to the point that she requires assistance from neighbours and community associations: • Tobi is unable to stand for more than a short time and is, therefore, unable to prepare her own meals. She relies upon the kindness of her family and neighbours and visits from "Meals on Wheels" volunteers. • Tobi is able to shower only with the aid of a support bar and safety chair installed in her bathtub. • Tobi's eyesight is failing and she often requires assistance in selecting appropriate clothes to wear although she is capable of getting into and out of the clothes herself. • Tobi has difficulty getting on and off the toilet and often has to rely on the use of special support bars installed in her bathroom. Tobi spends much of her time in a wheelchair. This is not a serious problem, since she lives in a bungalow, but she often needs the help of a cane to move from her bed or easy chair, into the wheelchair. Given Tobi's condition and possible anticipated claims, what course of action is the insurance company likely to take at the end of the current policy term in two years? Tobi is 80 and owns a long-term care policy that was issued several years ago. Tobi's daughter is encouraging her to enter an assisted living facility and apply for LTC benefits. Although Tobi has her full mental faculties, her health and mobility have been declining significantly to the point that she requires assistance from neighbours and community associations: • Tobi is unable to stand for more than a short time and is, therefore, unable to prepare her own meals. She relies upon the kindness of her family and neighbours and visits from "Meals on Wheels" volunteers. • Tobi is able to shower only with the aid of a support bar and safety chair installed in her bathtub. • Tobi's eyesight is failing and she often requires assistance in selecting appropriate clothes to wear although she is capable of getting into and out of the clothes herself. • Tobi has difficulty getting on and off the toilet and often has to rely on the use of special support bars installed in her bathroom. Tobi spends much of her time in a wheelchair. This is not a serious problem, since she lives in a bungalow, but she often needs the help of a cane to move from her bed or easy chair, into the wheelchair. Given Tobi's condition and possible anticipated claims, what course of action is the insurance company likely to take at the end of the current policy term in two years?

Answer rating: 100% (QA)

The course of action an insurance company may take at the end of the current policy term can vary depending on the terms and conditions of the policy ... View the full answer