Long-Term Care (LTC) is a range of services and supports your clients may need to meet their personal care requirements. Most Long-Term Care is not medical care, but rather assistance with the basic tasks of everyday life, sometimes called the Activates of Daily Living (ADLs), such as bathing, eating, continence, dressing, toileting, and transferring.
Long-Term Care insurance is a complex product, but one that should be discussed as a part of any retirement plan. There are a multitude of options available to your clients.
Traditional
A stand alone Long-Term Care is the most flexible option for individuals looking to structure benefits and pricing.
Fixed Annuity & Long-Term Care Rider
A combination fixed annuity with Long-Term Care will give the client protection of an asset, fixed interest, and the ability to double or triple their account for use when Long-Term Care services are needed.
Life & Long-Term Care or Chronic/ Illness Rider
This combination of benefits gives both a life insurance death benefit, plus the ability to accelerate a portion or all of their death benefit, to be used in the event of a catastrophic health incident such as stroke, cancer, or heart attack.