Q. If my Term life policy has a LTC living benefit, can I use it in a foreign country, such as China?
A. The details of the LTC benefit require the policyholder to be certified by a plan of care and continual contact with the policyholder's doctors. The medical care must be completed by a US doctor. The plan of care must be completed by a country that has an equivalent level of care to the US.
The insurers will not translate records. So, if someone who purchases a policy in the US, who ends up moving to Canada or England, then ends up needing care there, the person may still be eligible for coverage.
If, on the other hand, the person moves to China or Korea, he or she may not be eligible for coverage if cannot meet the requirements.
Please contact us so we can get confirmation from the specific carrier before you purchasing the policy.
A. The details of the LTC benefit require the policyholder to be certified by a plan of care and continual contact with the policyholder's doctors. The medical care must be completed by a US doctor. The plan of care must be completed by a country that has an equivalent level of care to the US.
The insurers will not translate records. So, if someone who purchases a policy in the US, who ends up moving to Canada or England, then ends up needing care there, the person may still be eligible for coverage.
If, on the other hand, the person moves to China or Korea, he or she may not be eligible for coverage if cannot meet the requirements.
Please contact us so we can get confirmation from the specific carrier before you purchasing the policy.
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