2016 Maryland Code
Insurance
Title 16 - Life Insurance and Annuities
Subtitle 2 - Life Insurance Policy Provisions
§ 16-214. Long-term care

MD Ins Code § 16-214 (2016) What's This?

A policy of life insurance may include a rider or supplemental policy provision that offers an insured or certificate holder reimbursement or payment for long-term home health care or long-term care in a nursing home or other related institution:

(1) instead of or in addition to benefits payable because of the death of the insured or certificate holder; or

(2) instead of all or part of the cash surrender or other nonforfeiture value of the policy.

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