What describes policy features, benefits, exclusions, and riders in a Long Term Care policy?

The correct choice is the Outline of Coverage. This document is specifically designed to provide a comprehensive overview of a Long Term Care policy, detailing key aspects such as policy features, benefits, exclusions, and any riders attached to the policy. It serves to inform potential policyholders about what is covered under the policy, as well as any limitations, ensuring that individuals have a clear understanding of what they are purchasing. An Outline of Coverage is essential in helping consumers make informed decisions as they compare different Long Term Care insurance options, allowing them to see the specifics of what is included and excluded.

The other options do not encompass the full range of information required by the Outline of Coverage. For instance, a Summary of Benefits typically highlights main benefits but may not thoroughly cover exclusions or riders. A Policy Overview is generally broader and may not provide the detailed line-item information about benefits and exclusions. A Schedule of Benefits often provides a list of covered services along with specific limits or amounts but lacks the directional context that outlines the scope of coverage like the Outline of Coverage does.