Acceleration of death benefit

(a) Any time a long-term care benefit funded through a life insurance vehicle by the acceleration of the death benefit is in benefit payment status, a monthly report shall be provided to the policyholder. (b) The report shall include: (1) Any long-term care benefits paid out during the month; (2) An explanation of any changes in the policy, including, but not limited to, death benefits or cash values, due to the payment of long-term care benefits; and (3) The remaining amount of long-term care benefits. Acts 2005, No. 1697, § 31. (a) Any time a long-term care benefit funded through a life insurance vehicle by the acceleration of the death benefit is in benefit payment status, a monthly report shall be provided to the policyholder. (b) The report shall include: (1) Any long-term care benefits paid out during the month; (2) An explanation of any changes in the policy, including, but not limited to, death benefits or cash values, due to the payment of long-term care benefits; and (3) The remaining amount of long-term care benefits. (1) Any long-term care benefits paid out during the month; (2) An explanation of any changes in the policy, including, but not limited to, death benefits or cash values, due to the payment of long-term care benefits; and (3) The remaining amount of long-term care benefits. Acts 2005, No. 1697, § 31.