Elect or Decline Nonforteiture Benefit

Nonforfeiture Benefit (additional cost)

If you have been continuously insured under Long Term Care Insurance for at least three years, the Nonforfeiture Benefit allows you to:

• stop making premium payments for any reason, and
• keep your coverage at a reduced level.

If you choose this benefit, you will keep your full Daily Maximum Benefits (DMB) amount, but the Lifetime Maximum Benefits (LMB) will be reduced. Your reduced LMB will equal the greater of:

• 30 times your DMB, or
• the sum of premiums you’ve paid in.

View example of Nonforteiture Benefit election.

Contingent Nonforfeiture Benefit (no cost)

Provided with your coverage if you DO NOT elect the Nonforfeiture Benefit. The Contingent Nonforfeiture Benefit allows you to stop premium payments and keep a reduced level of coverage equal to the greater of:

• 30 times the DMB, or
• the sum of premiums you’ve paid in.

The Contingent Nonforfeiture Benefit is only valid in the event of a substantial cumulative premium increase, ranging from 10% at issue age 90 or older to 200% at issue age 29 or younger. This percentage increase is cumulative from the date of original issue, NOT a one-time increase. To view a chart by age of the Cumulative Premium Increase over Initial Premium needed to qualify for Contingent Nonforfeiture, please see the John Hancock website.