Strategic Partnerships
What is Long Term Care?
Long-term care (LTC) encompasses a range of services aimed at helping individuals maintain their quality of life and independence when they are no longer able to care for themselves without assistance.
LTC coverage can offer a financial resource to help cover the costs associated with these support services, whether provided at home, in the community, or in a facility setting.
Plan for Your Care, Your Way: Explore Long-Term Care Options
Ensure Your Care, Your Way: Explore Long-Term Care Options
Many people assume long-term care takes place only in a nursing home. While some care is provided in facility settings, most long-term care begins at home. With thoughtful planning, you may have greater flexibility and access to funding options for services such as:
Home Care
Receive care in the comfort of your own home or the home of a family member or friend.
Community Living
Pay for caregiving facilities such as adult day care and continuing care retirement communities for individuals who are active and able to live on their own.
Facility Care
Fund options for assisted living or full custodial care services.
Stand-Alone LTC
LTC Riders on Life Insurance
Linked-Benefit LTC
Provides coverage exclusively for qualified long-term care services
Premiums and benefits are subject to change in accordance with policy terms
Premiums must be paid even if benefits are not utilized
May include options for future benefit increases, if eligibility requirements are met
Typically has lower initial premiums, often requiring payments over the life of the policy
Primarily a life insurance policy with optional long-term care (LTC) benefit riders
Premiums vary by policy design; some may offer guaranteed premium structures
If LTC benefits are not utilized, a death benefit is typically paid to beneficiaries
LTC benefit amounts generally remain level unless inflation protection is selected
Some policies offer flexible premium payment options, depending on the contract terms
These policies typically combine long-term care (LTC) benefits with a life insurance death benefit.
Depending on the policy, premiums and benefits may be guaranteed.
If LTC benefits are not used, a death benefit is generally paid; if LTC benefits are fully utilized, the death benefit may be reduced or eliminated.
Optional inflation protection riders can help increase LTC benefits over time.
Premiums may be structured as a single lump sum or paid over a designated period.
Some policies offer flexible premium payment options, subject to policy terms.