In Louisiana, Long-Term Care policies issued must include which feature?

• A. Nonforfeiture value
• B. Guaranteed renewable clause
• C. Waiver of premium
• D. Living benefits

Answer: (A)

Louisiana requires long-term care policies to include a nonforfeiture provision. This protects you if you lapse or surrender the policy by ensuring you don’t lose all coverage—you’ll receive some form of value based on premiums paid, such as a reduced benefit or a shortened benefit period. The idea is to prevent total loss of protection when continuing premiums isn’t possible.

Other features like a guaranteed renewable clause, waiver of premium, or living benefits may appear in policies but are not mandate-driven in Louisiana as the required provision. They’re common in the market, but the state specifically emphasizes nonforfeiture protection as a must-have.