Under which circumstance would inflation protection not be included in a long term care policy?

Inflation protection in a long-term care policy is an important feature that helps ensure the benefits keep pace with rising healthcare costs over time. However, there are circumstances under which this protection may not be included in a policy.

When the policyowner declines the inflation protection coverage in writing, this can directly lead to the absence of that feature in the policy. This choice reflects the policyholder's decision to forego the extra cost associated with inflation protection, even though it may be beneficial in the long run. By clearly declining it in writing, it demonstrates the policyowner's acknowledgment and acceptance of the potential risks involved.

In contrast, a newly issued policy might still offer inflation protection as a standard feature or bundled option. Additionally, the age of the insured does not inherently disqualify them from having inflation protection included; older individuals may actually benefit from it more due to potentially longer care needs. Lastly, the method of policy sale, whether through an agent or otherwise, does not dictate the inclusion or exclusion of inflation protection; it is determined by the choices made by the policyowner regarding their coverage options.