Benefits

• Monthly benefits reimburse long-term care expenses. Certain plans offer unlimited lifetime benefits

• Long-term care benefits, death benefit, and Return of Premium

• Optional inflation protection rider can guarantee growth at 3% or 5% compound interest as cost of care increases.

• Simplified underwriting consisting of a phone interview and Rx check. Rarely are exam or medical records needed.

• Funds to cover various levels of care

  • Home health care
  • Respite care
  • Adult day care
  • Assisted living
  • Nursing home
  • Hospice services
  • Caregiver training
  • Care planning
  • Informal care

Eligibility Triggers

• Certified as being chronically ill

• Need assistance with at least 2 of 6 ADL’s

• Require substantial supervision due to severe cognitive impairment (Alzheimer’s, Dementia, etc.)

Premiums

• Single premium up to 25 year level pay for certain plans

  • Funds can come from savings, CD’s, money market accounts, Mutual funds, existing life insurance and annuities, IRA’s, stocks and bonds.
  • Premiums and benefits are guaranteed. No future rate class increases.