We’ve all heard the term sharing is caring, so why not encourage your clients to share long-term care benefits? The Shared Care Benefit is a valuable optional rider that is available on both the Secure and Custom long-term care policies.
- Both partners need to apply for coverage and be issued at the same time and have identical policies and benefits
- Once benefits have been used up under one policy, the partner needing care can access benefits from the other policy as long as there is at least one year of benefits available*
- If one partner dies while both policies are in force, the surviving partner receives the deceased partner’s remaining policy limit with no effect on premium
If your clients are concerned about what will happen if they use all their LTCi benefits but still need care, be sure to tell them about shared care. It may provide the peace of mind they need if their benefits run out.
Check out Sales Professional Access to see more great benefits of LTCi.
* Benefits may vary by state.
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