Which of the following statements is (are) true concerning benefit pay

Which of the following statements is (are) true concerning benefit payments under long-term care insurance?

I. Expense-incurred policies pay for actual charges up to a specified daily limit.
II. Per diem policies pay a specified daily benefit regardless of the charges incurred.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: C