Centerville was first settled by Thomas Grover in the fall of 1847. The community was originally known as Deuel Settlement, but was renamed to Cherry Creek after the Cherry family arrived.
Full Indemnity Policy. With a full indemnity policy (sometimes called a flexible cash benefit or cash model), once you simply require long term care the insurance company pays you a monthly benefit. You receive these payments regardless of your actual expenses. Imagine your policy provides a $6,000 monthly benefit.
Optional Benefits. The Department of Financial Services requires that at the time of sale of policies covering long term care services, certain optional benefits must be offered. These options (and the types of policies they must be offered with) are as follows: Inflation Protection: An Inflation Protection Benefit must be offered with Long Term Care Insurance, Nursing Home Insurance Only, Home Care Insurance Only and Nursing Home and Home Care Insurance.