Long-Term Care Insurance

Comprehensive long-term care products provide benefits for insureds receiving care from a licensed health care provider in a variety of settings, from ones' home to residing in a facility such as an assisted living or a nursing home.  Benefit amounts are determined by the maximum monthly benefit purchased and are paid out based on actual costs up to the daily or monthly benefit limit.  We offer "traditional" tax qualified plans and a more modern product with very important guarantees.

Our primary product reimburses claims occurring due to the need for care in ones' home, assisted living or nursing home or other settings where care is provided by a licensed health care provider.

Typically, we prefer this type of product due to the premiums being guaranteed, the availability of lifetime benefits and an underlying death benefit that is paid out less claims at death of the insured.

Hybrid long-term care products provide benefits for insureds receiving care from a licensed health care provider and are not limited by where the care is provided.  The amount of benefits payable is based on a preset percentage of the death benefit subject to the federal per diam limit. 

People who have a current need for life insurance but would also like the option to use some or all of the life insurance benefit as a "pool" of funds to help offset extended health care costs sometimes favor these types of insurance products.  Being able to combine benefits into one policy helps many to get started earlier in life and while premiums are lower for them.

We represent multiple carriers offering this type of policy and understand the many differences between them and will be happy to review these types of plans with you.

Home Health Care products provide payments to the insured when they receive care at Home from a licensed health provider.  

When considering the costs of extended health care it is important to realize that often a person's need for assistance is first handled by a spouse, child or other caring person.  And it is "normal" as needs progress to have a health care professional provide them with assistance in their own home. 

Our preferred product features a zero day waiting period for care in your home with an easy to understand schedule of benefits based on the type of care you need for up to 360 days during your lifetime.  It also includes a built in Prescription Drug Benefit which pays $10 for generic or $25 for name brand prescriptions when filled during a policy year up to the annual policy maximum.