Which statement best describes the document used to outline policy features, benefits, exclusions, and riders in a Long-Term Care policy?

• A. Assistance Guide
• B. Outline of Coverage
• C. Declarations Page
• D. Benefit Schedule

Answer: (B)

The Outline of Coverage is the document that describes what a policy covers, its features, benefits, exclusions, and riders in a way the consumer can understand and compare. For a Long-Term Care policy, it explains how benefits are paid, what is covered and excluded, any riders added to the policy (such as inflation protection or waiver of premium), and key terms like elimination periods and benefit periods. This makes it the best fit for describing the overall policy features and any added options, which is exactly what the question is asking.

Declarations Page lists who is insured, policy numbers, dates, premium, and basic identifiers—not the benefits and riders. A Benefit Schedule would specify the amounts and durations of benefits but not provide the full overview of features and exclusions. An Assistance Guide isn’t a standard, required document for LTC policies.