§ 16-214. Long-term care

Latest version.

   A policy of life insurance may include a rider or supplemental policy provision that offers an insured or certificate holder reimbursement or payment for long-term home health care or long-term care in a nursing home or other related institution:

   (1) instead of or in addition to benefits payable because of the death of the insured or certificate holder; or

   (2) instead of all or part of the cash surrender or other nonforfeiture value of the policy.

HISTORY: An. Code 1957, art. 48A, § 401A; 1996, ch. 11.

                    
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