Long-term care policies or certificates issued in Ohio are required to have?

Long-term care policies or certificates issued in Ohio are required to have a nonforfeiture value. This means that if the policyholder is unable to continue paying premiums, they have the option to receive a reduced benefit or cash value. Option A, a grace period, refers to a period of time after the due date of a premium where it can still be paid without penalty. Option C, a guaranteed renewal feature, means that the policy cannot be cancelled due to the policyholder's age or health status. Option D, a free-look period, allows the policyholder to review the policy after purchasing it and cancel it for a full refund if they are not satisfied. While all of these options may be included in a long-term care policy issued in Ohio, the only required feature is a nonforfeiture value.