Insurance Solutions
Long-Term Care
Long-term care refers to the ongoing assistance people may need with daily activities due to aging, illness, or disability. Planning ahead can help protect your savings and give you more choices about the care you receive.
Traditional Long-Term Care Insurance
Traditional LTC insurance pays a daily or monthly benefit when you need help with activities of daily living or have a cognitive impairment. Premiums are typically lower when purchased at a younger age, and benefits can be used for home care, assisted living, or nursing home care.
Life Insurance with Long-Term Care Benefits
Some permanent life insurance policies include long-term care riders or accelerated benefit provisions that allow you to access the death benefit early if you need long-term care. This approach combines life insurance protection with LTC coverage in a single policy.
Annuities with Long-Term Care Benefits
Certain annuity products include long-term care benefit riders that can multiply the available benefit if you need care. These products may appeal to individuals who want to address LTC risk while also having access to their funds.
Chronic Illness Benefits
Many life insurance policies now include chronic illness riders that provide access to the death benefit if you are diagnosed with a qualifying chronic illness. These riders vary significantly by carrier and policy, so understanding the specific terms is important.
Preparing for Future Care Expenses
Long-term care costs vary significantly by location and type of care. Understanding the potential costs in your area and how different funding strategies — including insurance, savings, and family support — can work together is an important part of retirement planning.
Schedule a Long-Term Care Consultation
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Schedule a ConsultationLong-term care insurance products are subject to eligibility, underwriting, policy terms, and state availability. Information is educational only and does not constitute a recommendation or offer of insurance. Coverage cannot be created or changed through this website.