Long Term Care Benefit Definitions Elimination period - This is the period of time that must be satisfied before benefits become payable under the Contract and is the number of days in which you are certified to need care. Most plans need only satisfy the Elimination Period once and days may be accumulated under separate claims. Daily benefit - This is the dollar amount of care your policy will cover. Most policies reimburse care expenses up to the daily benefit amount selected. Indemnity policies or riders allow you to recieve the full daily benefit amount selected, regardless of actual care expenses incurred. Length of coverage - The amount of service time that the policy will pay benefits. This can be in the form of a number of years (2, 3, 5, 8 years of coverage) or lifetime coverage. We recommend lifetime benefit period for disaster protection. Inflation indexed benefits - With the purchased of this rider, the policy will increase your daily benefit amount by some stated increase every year. (ie: 5% compounded increase rider)