What does the guarantee of insurability option in long-term care policies allow the insured to do?

The guarantee of insurability option in long-term care policies allows the insured to increase benefit levels without providing proof of insurability. This feature is particularly important because it gives policyholders the ability to enhance their coverage in the future, even if their health has declined or they have developed conditions that would typically make it difficult to obtain additional insurance. This option is valuable for individuals concerned about the potential for needing increased coverage as they age or face health challenges, ensuring they have the flexibility to adapt their policy to better suit their needs.

In the context of long-term care, where the costs can significantly rise over time, this feature offers peace of mind and financial protection for the insured, allowing them to adjust their benefits to match changing circumstances without the barrier of underwriting requirements.