(a) If long-term care benefits are part of a life insurance policy or rider, the carrier shall provide a policy summary at the time of policy delivery. (b) The policy summary required to be delivered under subsection (a) of this section shall include: (1) information required to be included in an outline of coverage under § 18-106 of this title; (2) an explanation of how the long-term care benefits interact with other components of the life insurance policy, including deductions from death benefits; (3) an illustration of the amount of benefits, length of benefit, and guaranteed lifetime benefits if any, for each covered individual; (4) any exclusions, reductions, or limitations on benefits of long-term care; and (5) if applicable to the policy type: (i) a disclosure of the effects of exercising other rights under the policy; (ii) a disclosure of guarantees related to long-term care costs of insurance charges; and (iii) current and projected maximum lifetime benefits.
Maryland Legal Code