What is long-term care?

Professional Care

Provides the appropriate professional care when you are unable to care for yourself for an extended period of time. 

Coverage Beyond Medical Care

Assistance for expenses such as nursing home, assisted-living, home care and other related expenses.

Savings Protection

Ensures the wealth you've accumulated stays intact. 

Quick Facts

The need for long-term care isn't going away.  

7 in 10 People

Over 65 will need long-term care in their lifetime. 

By 2050

The need for long-term care will more than double. 

9 in 10 People

Who go on long-term care do not recover. Only 10% will have a non-permanent condition. 

Types of Plans

Traditional 

    • Typically the most affordable option
    • Monthly benefits range from $1,500 to $12,000 depending on the insurance carrier
    • Average benefit periods are 2 to 6 years or longer, depending on the policy limit chosen
    • Elimination (deductible) periods range from 0 to 365 days and begin the first day you are chronically ill and receive a covered service
    • Choose from a number of optional riders like inflation protection which increases benefits over time to keep pace with the cost of living

Asset-Based

    • Referred to as “hybrid" or “combo plan” because it combines either life insurance or an annuity with a long-term care insurance rider under one policy
    • Includes the same basic components as the traditional plan
    • Premiums will not increase
    • Premiums may be paid on a variety of schedules, such as a single pay plan (one lump sum), a 20 pay plan (20 annual payments), or lifetime payments
    • Upon death, any unused long-term care insurance benefits may be received by your beneficiaries as life insurance or an annuity benefit
    • The Pension Protection Act allows you to replace an existing life insurance policy or annuity without incurring tax consequences
    • You can cash in your policy for any reason and get some or all of your initial premiums back (with most plans)

We can also help you with...

Mom and adult daughter having fun laying in bed taking a selfie.

Life Insurance

Ensure the people you love most are taken care of financially, even if you're not there.  

LEARN MORE about life insurance.

Related Resources

question mark with white circle icon in the color burgundy
Have Questions?

We're here to help.

Give us a call at 800.236.5546

EMAIL US

Long-Term Care Facts

Centers for Medicare & Medicaid Services 2/21/2017 (longtermcare.acl.gov/the-basics/index.html)

https://bipartisanpolicy.org/library/americas-longterm-care-crisis/ updated on 4/7/2014

Society of Actuaries: “Long-Term Care Risk Management: Re-Pricing In-Force Po

Ed Agnew
Ed Agnew, VP Life Insurance Sales Executive , Kenosha, WI

Advisor and an Advocate

If the unexpected happens, service and responsiveness become as important as the dollar value of your coverage. Having an advisor on your side means you'll have a personal advocate working with you and looking out for your best interests while handling your claim.

FIND AN ADVISOR
a magnifying glass looking for a location icon in the color burgundy

Need help finding the nearest branch?

Find a location