Acceleration of death benefit

  1. Law
  2. Arkansas Code
  3. Public Utilities and Regulated Industries
  4. Insurance
  5. Long-Term Care Insurance
  6. Long-Term Care Insurance Act of 2005
  7. Acceleration of death benefit

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  1. (a) Any time a long-term care benefit funded through a life insurance vehicle by the acceleration of the death benefit is in benefit payment status, a monthly report shall be provided to the policyholder.

  2. (b) The report shall include:

    1. (1) Any long-term care benefits paid out during the month;

    2. (2) An explanation of any changes in the policy, including, but not limited to, death benefits or cash values, due to the payment of long-term care benefits; and

    3. (3) The remaining amount of long-term care benefits.


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