There is a long term care funding alternative available with a life insurance policy that may be very helpful to cover an immediate need for long term care. Under this option, an insurance policy with a death benefit of $50,000 to $1,000,000 is converted into a Long Term Care Benefit Plan which makes monthly, tax-free payments to the care provider of choice to cover the expenses for any form of long term care such as: Home Care, Assisted Living, Memory Care, Nursing Home or Hospice.
Fast and easy process to apply and enroll in a Long Term Care Benefit Plan
Average time to enroll and start receiving first benefit payments is 30-45 days
no costs or obligations to apply
What are the requirements to enroll in the Long Term Care Benefit Plan?
In-force life insurance policy (Term, Universal, Whole and Group) with a death benefit between $50,000-$1,000,000
Current need for Homecare, Assisted Living, Nursing Home Care, Memory Care, or Hospice (within 90 days of enrollment