(a) 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, a monthly report shall be provided to the policyholder.
(b) The report shall include:(1) Any long-term care benefits paid out during the month;(2) An explanation of any changes in the policy, including, but not limited to, death benefits or cash values, due to the payment of long-term care benefits; and(3) The remaining amount of long-term care benefits.
(1) Any long-term care benefits paid out during the month;
(2) An explanation of any changes in the policy, including, but not limited to, death benefits or cash values, due to the payment of long-term care benefits; and
(3) The remaining amount of long-term care benefits.