What is to 'Capitalize'. Capitalize is an accounting method used to delay the recognition of expenses by recording the expense as a long-term asset. In general, capitalizing expenses is beneficial as companies acquiring new assets with a long-term lifespan can spread out the cost.
For orthodontics, most, if not all plans have a lifetime maximum amount that the carrier will pay for treatment. This is typically anywhere from $750 to $4000 and the patient is responsible for the remainder of the orthodontic cost.
Policies provide age limits in regard to when you can exercise your life insurance conversion option. For example, a Banner OP Term 15 policy can be converted to a permanent product until the insured reaches 70. Minnesota Lifeâs Advantage Elite Term 15 carries a maximum conversion age of 75.