Life Just Got Better

Help your clients get more out of their life insurance protection. Long-term care services can quickly erode a client’s savings. Help your clients plan ahead with the new Long-Term Care Rider available on Income Advantage IUL and Life Protection Advantage IUL policies.


Introducing the New LTC Rider

  • Available July 1, 2018
  • Can be added to Income Advantage and Life Protection Advantage
  • Clients ages 30-79, up to Table 4


Rider Highlights

  • Provides accelerated death benefits that reimburse for Nursing Home, Assisted Living, Home Health Care, and Adult Day Care
  • 1%, 2%, or 4% monthly acceleration percentages
  • Maximum total benefits up to 100% of the initial specified death benefit (capped at $2 million for the 1% and 2% option and $1.25 million for the 4% option)
  • One-time, 90 calendar-day elimination period
  • Once the policy is issued, LTC Rider cost of insurance rates are guaranteed not to increase over the life of the policy
  • If the client doesn’t qualify for the LTC Rider coverage, the policy will be automatically issued with the Chronic Illness Rider


Application and Underwriting

  • Application packets have been updated – request the LTC version of the app kit when placing an order
  • State-specific Shopper’s Guide must be ordered separately
  • LTC Rider will go through separate underwriting and have a separate rate class; although, we will typically use the same underwriter as the life policy
  • Refer to the LTC Rider Information & Underwriting Guide for details


The Need for Long-Term Care Planning

  • Almost 70% of people over age 65 will require chronic care later in life – for an average of three years. And 20% of those individuals will need care for longer than five years.
  • Long-term care services can be expensive. In fact, based on national average costs, people can expect to pay more than $85,000 per year for a semi-private room in a nursing home – and that figure is expected to keep rising.
  • Now is the time for your clients to put a long-term care planning strategy in place.





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