If you're considering an LTC policy, here are some questions you may want to ask:

• What is the elimination period, before payments begin?

• Is there inflation protection?

• Is there a waiver of premium, so that you can stop paying premiums during the period you are collecting benefits?

• Is there a non-forfeiture clause, so that you'll qualify for partial coverage if you have let the policy lapse?

• Can you receive care at home rather than in a nursing home?
• Must you have been hospitalized to qualify for benefits?