| Long Term Care Insurance gives you more options over when, where, how much, and what type of care you can receive. Most
companies offer different benefit periods, waiting periods and other options. Standard choices are but do vary from company to company. |
| • Benefit Periods: | 3 year, 6 year and lifetime benefits |
| • Waiting Periods: | 46 days, 60 days, 90 days, and 100 days |
| • Monthly Benefit Amount: | Range from $50 a day to $500 a day |
| Inflation Protection Benefits |
| | Since long term care insurance is usually a "future" Benefit, the actual cost of providing care
at a future date is likely to be higher than it is today. |
| Automatic Benefit Increase (ABI): |
| | Choose an amount from 3%-5% that you want your Maximum Daily Limit to increase by on a compounded annual
basis at each policy anniversary. |
| Automatic Additional Purchase Benefit (AAPB): |
| | This option allows the amount of your maximum daily limit to increase by 5% compounded per policy year on
each policy anniversary date, up to age 85 (or for 10 years, if later). The option can be refused two times and then the benefit and premium
will freeze and the increase of benefit will kick in during claim. |
|
| Spousal Discounts and MultiLife Discounts are available. |
