When does the waiver of premium typically occur for long-term care policies?

The waiver of premium for long-term care policies is typically activated after the elimination period has been satisfied. This means that the policyholder must first meet the specific criteria set forth in the policy during this waiting period, which could encompass a certain duration of receiving long-term care or meeting specific health conditions. Once the elimination period is fulfilled, the waiver of premium provisions allows the policyholder to stop paying premiums for their coverage while they are receiving benefits for long-term care services.

This is essential for policyholders, as it alleviates the financial burden of premium payments during a time when they may already be experiencing significant expenses related to their care. The other scenarios presented, such as an immediate waiver at policy start or waivers triggered solely by the policyholder's death or after a year without claims, do not reflect how these policies are structured and the intent behind the premium waiver feature.