LTC premium waiver is a policy provision under which required premiums are suspended once an insured qualifies for long term care benefits and satisfies any applicable waiting requirements. While the insured remains on claim and continues to meet eligibility criteria, premiums are waived, preventing additional financial strain while care costs are high. Premiums may resume if the insured recovers and is no longer benefit eligible. This feature helps ensure that coverage remains in force during extended claims without forcing policyowners to divert limited income to ongoing premium payments.

In practice, advisors explain LTC premium waiver to clients as an important but sometimes overlooked protection built into most comprehensive long term care policies and many LTC riders. During the sales process, they clarify when waiver begins, whether it applies immediately at benefit eligibility or after the elimination period, and whether it covers all insureds on joint policies. When a claim occurs, families are often relieved to learn that premiums will stop while benefits are being paid, preserving cash flow for other expenses such as uncovered care, travel, or household support. Advisors also remind clients that if a claim ends and the insured recovers, premiums typically restart according to contract terms. By highlighting LTC premium waiver, producers show that policies are designed not only to pay benefits but also to ease ongoing financial obligations at the exact moment when clients are most vulnerable and budgets are under stress.