Long-Term Care

Linked-benefit Products (Universal life with long-term care insurance benefits)

For those seeking to protect themselves from a long-term care event, a product that combines life insurance with long-term care insurance protection may help address your needs. A linked-benefit product provides multiple benefits in one product. By combining life insurance and long-term care insurance, the product provides a death benefit,* or allows policy owners to use the death benefit for qualified long term care expenses. There is even an additional long term care benefit once the death benefit is exhausted for long term care. The product also provides a return of premium benefit for policy owners that terminate their coverage.**

 

Standalone Long-Term Care (LTCi)

Long-Term Care insurance can be an effective way to help mitigate the rising cost of covering a long-term care event. Long-Term Care insurance can be an effective way to help mitigate the rising cost of covering a long-term care event.

 

To Schedule a Complimentary Consultation call 386.275.1322 or click here. 

 

* Residual Death Benefit is the lesser of $25,000 or 10% of the death benefit calculated on the long-term care benefit commencement date.

** There may be tax implications with respect to certain distributions from a policy treated as a “modified endowment contract” (MEC). Distributions, (for this purpose, including loans) from a MEC are taxable to the extent of the gain in the policy and may also be subject to a 10% penalty tax if the owner is under age 59½. 

Calculators