According to the U.S. Department of Health & Human Services, 70% of people who reach age 65 will need long-term care services at some point in their lives. 

• Protect your retirement assets — Having funds available to help pay for LTC services means you can preserve their retirement assets.

• Maintain your independence — An LTCi policy allows you to get the care you need in the setting that’s right for you… even in the comfort of your own home.

• Control your finances and your future — With LTCi, you have the power to make decisions about your care.

While most people acknowledge that planning for long-term care is important, they don’t have a clear understanding of the risks associated with a long-term care event. Most people can tell a story about a family member or friend who suffered from a long-term illness or disability, but their knowledge tends to be limited to that particular situation. Here are some basic long-term care statistics:

• 1 in 5 households provide long-term care to someone over age 18

• 75 percent of people over age 65 eventually will need long-term care

• The average cost of nursing home care is $86,764 per year

• The average nursing home stay is 3 years

• 50 percent of people entering a care situation are penniless within one year

• Protect your assets

• Avoid becoming a burden to your family

• Ensure you receive care in a quality facility

• Ensure you have options for care

• Maintain personal dignity and independence

• Have peace of mind

✔ Alternate Care Benefit

We know there may be long-term care services or treatments that don’t exist today yet may become standard practice in the future. This benefit provides coverage for qualified treatments or services not specifically listed in the policy when recommended by a care coordinator. 

✔ Assisted Living Facility Benefit

The policy provides options for the insured to receive 100 percent of the maximum monthly benefit (with the option to reduce to 75 percent or 50 percent) to help pay for services received in an assisted living facility

✔ Bed Reservation Benefit for Nursing Home & Assisted Living Facility

This benefit comes into play when the insured is confined to a nursing home or assisted living facility and requires hospitalization. Under this provision, the policy will pay up to 100 percent of the maximum monthly benefit for up to 30 days per calendar year to keep a bed available in the insured’s facility until he or she returns. 

✔ Care Coordination Benefit

Our policies offer the optional services of a care coordinator who will assess the needs of the insured, develop an individualized plan of care and help arrange for long-term care services. 

✔ Cash Benefit

The Cash Benefit is designed to give the insured – and his or her family – the ability to explore care options when the need for long-term care first arises. A percentage of the home health care maximum monthly benefit amount is available in cash to help pay for any expenses related to the insured’s long-term care needs.

✔ Home Health Care Benefit

Most people prefer to receive long-term care services at home. The insured will receive 100 percent of the maximum monthly benefit (with the option to reduce to 75 percent or 50 percent) to help pay for home health care services.

✔ Hospice Care Benefit

People who are terminally ill and not expected to live beyond six months need special care. The policy provides up to the maximum monthly benefit for hospice care services with no elimination period to satisfy.

✔ Maximum Monthly Benefit

This is the maximum dollar amount the policy will pay each month.

Options range from $1,500 to $10,000 per month

✔ Nursing Home Benefit

Nursing home care is a very costly long-term care service. The policy provides 100 percent of the maximum monthly benefit amount to help pay for covered services received in a nursing home.

✔ Respite Care Benefit

The policy pays for one month of respite care per calendar year. This benefit is intended to provide temporary services of another person or facility in order to give the insured’s regular, unpaid caregiver a break from providing care.