Asset-based LTCi plans
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
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.)
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.