Long-Term Care Plan
For someone sixty (60) years old today, there is a 50% probability they will need long-term care. Other studies show 70% of people over age 65 will experience a need for long term care during their lifetime. However, the real answer is your probability is either 0% (you will never need it) or 100% (you will need it). Applying statistical studies to your own situation is always difficult and often not very practical.
A plan to help protect against financial loss
A long-term care illness is often one of the most under insured risks in a financial plan.
We deliver company & employee paid long-term care plans.
Insure ADLs
Insure the loss of two (2) or more activities of daily living (ADL) - bathing, dressing, using the toilet, transferring, incontinence, and/or eating.
LTD Expenses
Pre-fund potential long-term care expenses for amounts that range from $5,000 to $15,000+ per month.
Flexibility
Company-paid plan with product options to provide return of premium and death benefits in addition to long-term care benefits for participants.
Protect against financial loss
A long-term care illness is often one of the most under insured risks in a financial plan. The growing costs associated with a long-term care, particularly an event lasting 4+ years, can liquidate the majority of an executive's assets.
How It Works
Quote & Analysis
Gather information on plan participants, coverage amounts, and desired features for the Long-Term Care Plan.
Underwriting
Medical exam for plan participants which can include a cognitive review and other health questions for the long-term care policy.
Implement Plan
Fund the company-paid long-term care plan with a single premium or a series of annual premiums. Participants can take the coverage when they retire or terminate.