With a lifetime benefit period there would be no limit to the total benefits paid. The longer that benefit period, the higher the premium. An adequate daily benefit should be selected so that assets do not have to be invaded to pay for long term care. The amount you choose may vary based on the amount of income you have available to pay for long term care expenses. The higher the daily benefit amount selected, the higher the premium.
Most people prefer to receive care at home for the longest possible time.
Proper coverage can delay or even eliminate the need, in some situations, for nursing home care. The amount of the daily benefit and the length of the benefit period selected for home health care affects the premium. For most policies, home health care coverage is available through a rider to the policy. Adult day care is generally included as part of home health care coverage. Assisted living may be a part of either the nursing home or home health care provisions depending upon the policy.