A monthly report shall be provided to the policyholder 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. The report shall include: (1) any long-term care benefits paid out during the month; (2) an explanation of any changes in the policy due to long-term care benefits being paid out such as death benefits or cash values; and (3) the amount of long-term care benefits existing or remaining.
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