Asset-Care is whole life insurance that allows access to 100 percent of the life policy death benefit to help pay for qualifying LTC expenses. Asset Care can help your clients retain their independence, preserve their dignity and leave a legacy for loved ones. Read More
A few of the Asset-Care featured highlights* include:
- Available on a single life or joint life basis
- Issue Ages, using Age Last Birthday:
- Single & Joint: 35 – 80 (5-pay, 10-pay, and pay to 95)
- Single & Joint: 35 – 74 (20-pay)
- Minimum face amount: $50,000
- LTC Benefits paid as reimbursement on a monthly basis
- LTC Benefit triggers: 2 of 6 ADLs or severe cognitive impairment
- LTC Payout Options: 50 months, 33 months, 25 months
- Waiver of Premium for LTC built-in on base policy
- LTC Elimination Period: 0 Day Home Care/90 Days for all others
- Optional Riders:
- Single Premium Drop-In Rider
- Inflation Protection Riders (IPR)
- Continuation of Benefits (COB) Rider
- Guarantees:
- Premiums never increase
- LTC benefits never decrease
- Cash value growth
- Death benefits available if not used for LTC
- Funding Options:
- Single Premium Whole Life
- Single Premium Whole Life with Return of Premium
- Annuity Funding Whole Life
- Recurring Premium Whole Life (Optional Single Premium Drop-In)
*Availability & Benefits May Vary by State. For Agent Use Only — See Carrier Literature for Full Details.
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