CLB can be received for up to how many years?

CLB can be received for up to how many years?

• A. 10
• B. 12
• C. 15
• D. 20

Answer: (C)

The change being tested is how long a CLB benefit can be paid. In this context, CLB is a benefit with a defined payment horizon rather than an ongoing, lifetime entitlement. The contract sets a maximum duration for those payments, and for this product that cap is 15 years. So, you would receive CLB payments for up to 15 years; after that period, the benefit ends even if the triggering situation persists. This 15-year limit balances providing meaningful financial support during the key earning years with keeping the policy affordable. Shorter durations, like 10 or 12 years, would provide less coverage, while a longer duration, such as 20 years, would entail higher costs and isn’t the set limit in this plan.

The change being tested is how long a CLB benefit can be paid. In this context, CLB is a benefit with a defined payment horizon rather than an ongoing, lifetime entitlement. The contract sets a maximum duration for those payments, and for this product that cap is 15 years.

So, you would receive CLB payments for up to 15 years; after that period, the benefit ends even if the triggering situation persists. This 15-year limit balances providing meaningful financial support during the key earning years with keeping the policy affordable.

Shorter durations, like 10 or 12 years, would provide less coverage, while a longer duration, such as 20 years, would entail higher costs and isn’t the set limit in this plan.