STRATEGIC PARTNERSHIPS
AGING GRACEFULLY: PLAN FOR LONG-TERM CARE WITH CONFIDENCE
WHAT IS LONG TERM CARE?
Long-term care (LTC) refers to a variety of support services designed to help individuals live as independently and safely as possible when they are no longer able to do so.
Long-term care coverage can provide an additional source of funds to help pay for support services.
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.
TYPES OF LONG TERM CARE COVERAGE
Stand-Alone LTC
​
Covers only qualified long-term care services.
Premiums and benefits may change per policy terms.
Premiums are due even if benefits aren’t used.
​
May offer future coverage increases, if eligible.
Often lower-cost, with lifelong premium payments.
LTC Riders on Life Insurance
Life insurance is typically the main coverage, with optional LTC benefits.
Premiums vary by policy; some offer guaranteed rates.
If LTC benefits aren’t used, a death benefit may be paid.
LTC benefits usually remain level unless inflation protection is included.
Some policies allow flexible premium payments.
Linked-Benefit LTC
Policies often provide Long-Term Care (LTC) benefits and may include a life insurance death benefit.
Premiums and benefits may be guaranteed, depending on the policy.
If LTC benefits aren’t used, a death benefit may be paid. If LTC is fully used, a reduced or no death benefit may apply.
Optional inflation protection can increase LTC benefits over time.
Premiums may be paid as a lump sum or over a set period.
Some policies offer flexible payment options.