Cheerful Seniors

LONG-TERM CARE INSURANCE

 

LONG-TERM CARE INSURANCE

Whether it’s at an outside facility or in your own home, you want your assets protected when you require long-term care. Long-Term Care Insurance allows you to transfer some of the cost for care to help preserve your wealth. You can choose a facility daily benefit amount between a $50 minimum and a $250 maximum, as well as a benefit period and waiting period. The Insurance Company will provide coverage while you are in a facility or being cared for in your home.

BENEFIT PAYMENT

Benefit Payment: The benefit amount is paid directly to you, not to the care provider, regardless of the cost of your care. This provides you with more flexibility in using this money, and there are no bills or receipts to submit.

TAX-QUALIFIED

This policy is intended to be federally tax-qualified as defined by the Internal Revenue Code of 1986 § 7702B(b).

GUARANTEED RENEWABLE

As long as you pay your premiums within 65 days of the due date, the policy cannot be canceled. Premiums are based on your age at the time you purchase the policy and the benefits you choose. Premiums may change, but only if we change the premium rates for everyone in the rate class. Coverages cease when your maximum lifetime benefits have been paid.

NO EXCLUSIONS DUE TO PREEXISTING CONDITIONS

Once you have been accepted and your policy has been issued, there are no restrictions or exclusions due to preexisting conditions.

Policy approval is not guaranteed, subject to underwriter approval.

REQUEST A QUOTE

Here our partnership begins.  We learn about your individual needs to help you find the best coverage for your circumstances and budget.