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Benefit Trigger

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Benefit Trigger
Any event that causes a pension or annuity to start making payments to a beneficiary. Retirement and the attainment of a certain age are common benefit triggers.


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CLASS is a federally mandated program in which employed people who do not opt out may prepay for cash LTC benefits without underwriting and with their "premiums," benefits, and benefit triggers determined solely by the Secretary of Health and Human Services based on the program's future actuarial solvency.
In addition to an insurer's financial strength, and the benefits, costs and benefit triggers, etc.
A comparison must be made between particular policies to determine whether the non-tax qualified plan does in fact include a more liberal benefit trigger.
 
 
 
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