Most people have no idea how expensive long-term care services are. According to a 2017 report from the U.S. Department of Health and Human Services, almost 70 percent of people over age 65 will require chronic care later in life. And, these long-term care services can quickly erode a client’s savings. But what if your client doesn’t qualify for long-term care?
We understand that they still need some form of protection. And, that is one of the reasons, we automatically issue a Chronic Illness Rider on all of our Income Advantage and Lifetime Protection Advantage IULs—with NO additional underwriting requirements! Providing an accelerated death benefit if the insured is unable to perform 2 of 6 Activities of Daily Living (ADLs) for 90 consecutive days (as certified by their physician) or experiences severe cognitive impairment.
Click here to find out more about this real-life solution that comes with one of our Income Advantage IUL and Life Protection Advantage IUL.