I met a couple who has a Transamerica LTC
Policy, effective date 1/96. The husband is in a Nursing Home, but is being relocated to an Assisted Living Facility.
His doctors have already made the determination that he needs help, and will need on-going assistance, with 3 of the 6 ADL's. While he was in the Nursing Home, Transamerica did not make them pay the monthly premium for the policy (of course, because he qualified for claim); however, they told them that the policy does not do the same for an Assisted Living Facility. They would have to go back to making the monthly premium payments, now that he is in an Assisted Living Facility
I am not familiar with Transamerica's LTC
products. Does this sound right?
P.S. when the wife questioned it, she was told that the law changed shortly after their policy went into effect.
I read through their policy, and did not see any such disclaimer or rider to that effect.